Social Sciences, asked by Aarifjamatia, 1 year ago

How do banks plays an important role in the economy of india? Explain .

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Answered by commercian12
18
banks are considered back boan of any economy. Banks helps in circulation of money in economy. It also helps in credit creation. Specifically RBI is very helpful in regulating the money flow in economy and many other policies also.
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Answered by pranay0144
10

Explanation:

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