Question

how do you define banks in india​

Answer 1

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.

Answer 2

Answer:

a bank is a financial istitution which performs the deposite and lending functions.