Question

if many loans are written off (that is borrowers are not required to pay back the money ) how will this affect the working of the bank

Answer 1

Answer:if this happens then the bank would stop working

Explanation:as , when people take loans they pay them back with the interest if people no longer have to pay then The Bank would not get any money and any interest. Due to which they cant meet the expenses of paying thir employees , give the bills, costs related to maintainence and many more problems would arise