how do banks play an important role on indian economy explain
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THE banks play an important role in the economy of the country: Banks help people to save their money in safe custody. To save their money, people deposit their money with banks. ... Banks boost the industrial sector by providing cheap loans.
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Banks play an important role in developing the economy of India : (i) They keep money of the people in its safe custody. ... (iii) They mediate between those who have surplus money and those who are in need of money. (iv) They provide loan to large number of people at low interest rate;..........
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