role of bank in economic of our countri...
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The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
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Banks acts as mediators between those who have surplus money and those who require money in form of loan.
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