Social Sciences, asked by Kaushikumar, 1 year ago

Role of banking sector in the Indian economy.
Long answer needed.

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Answered by Renny2429
1

Answer:

They play a significant role in the economy of a Nation. Bank provides funds for business as well as personal needs of the individuals, groups Or organizations. It acts as an intermediary between the people having surplus money and those requiring money. It not only acts as an intermediary but also facilitates business transactions through receipts and cheques instead of currency...... hope it's helpful..

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