Question

How do banks play important role in the economy of india explain?

Answer 1

Answer:

they play mighty role give loans saves money increase national income etc

Answer 2

Banks play a very important role in the Indian Economy as they provide Credit at cheaper rates to people. Banks help people to save their money and receive an added advantage by getting an extra amount, That is for saving the money in their bank, the depositor gets a % of it added in his bank account.