Role of banking sector in india's indusrial development
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Heya...
Banking sector has an important role in India's industrial sector...
√ Banks advance loans to the investment in industries by producers..
√ They are as a medium of urgent and regular finance transaction..
√ They are the source of credit to urgent need to use in production...
√ Banks have the accounts of industries with the rest of the world..
Thank you...
Banking sector has an important role in India's industrial sector...
√ Banks advance loans to the investment in industries by producers..
√ They are as a medium of urgent and regular finance transaction..
√ They are the source of credit to urgent need to use in production...
√ Banks have the accounts of industries with the rest of the world..
Thank you...
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0
Banking is a systematic economic method of saving for future use .It plays some important roles in Indian industrial development.
It provides safety to industrial profits in terms of savings.Any profits gained is saved for a future use.
Also it provide funds for industrialization in the industrial sector.Industries will borrow loan for their industrialization purposes.
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