Role of banking in Economic development..Few news paper cutting I want pls answer me fast.. I want a picture of newspaper...in which the solution should be written...pls
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Commercial banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
The banking system plays an important role in the moderneconomic 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 growthprocess.
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