How do banks play an important role in the indin economy
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bank play a crucial royal as it play a monetary role in regulating the money power and help to maintain the economic equanimity in the country.
they act as a linking role between people and government.
it provides safety to our money .
and a lot more
they act as a linking role between people and government.
it provides safety to our money .
and a lot more
Answered by
1
★. They provide cheap and affordable credit to the poor people which is essential for country's development.
★ The provide a safe way of depositing and saving money to the people.
★. They help in reducing poverty by giving loans to the people in small interest.
★ As the progress of business activity is fully linked with the credit system of a country bank credit helps business to fulfil their needs for raw materials , working capital etc.
Therfore, banks play an important role in the economy of a country through credit.
HOPE IT HELPSS U!!!
★ The provide a safe way of depositing and saving money to the people.
★. They help in reducing poverty by giving loans to the people in small interest.
★ As the progress of business activity is fully linked with the credit system of a country bank credit helps business to fulfil their needs for raw materials , working capital etc.
Therfore, banks play an important role in the economy of a country through credit.
HOPE IT HELPSS U!!!
AbhiramiGNath:
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