How public sector bank are important for the development of economy as well as society
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The banking activity means accepting of deposits of money from public, for the purpose of lending or investment. Banks contribute to economic development by mobilizing small and scattered savings of the community and disbursing those as loans among enterprises.
Answered by
1
Answer:
The banking activity means accepting of deposits of money from public, for the purpose of lending or investment. Banks contribute to economic development by mobilizing small and scattered savings of the community and disbursing those as loans among enterprises.
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