how do the banks use the major portion of their deposits??
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Answered by
8
Answer:
- Major portion of the deposits is used by banks for extending loans to borrowers.
- Some portion is used as cash reserve ratio with the RBI.
- Some portion of money is used as statutory liquid ratio deposit with the bank itself as set by RBI.
Explanation:
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Answered by
4
Answer:By giving loans to whose who need it at an reasonable rate of interest.
Thus they act as intermediate between those who have surplus money and those who need it
Explanation:
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