Sociology, asked by dilipkumarvanzara464, 2 months ago

how do you define banks in india​

Answers

Answered by shifali65
6

Answer:

A bank is a financial institution which performs the deposit and lending function. A bank allows a person with excess money (Saver) to deposit his money in the bank and earns an interest rate. Similarly, the bank lends to a person who needs money (investor/borrower) at an interest rate

Answered by AnshuRaj2009
2

Answer:

A bank is a financial institution which performs the deposit and lending function.

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