Question

Role of commercial bank in india conclusion

Answer 1

Role of Commercial Banks in India. Accelerating the Rate of Capital Formation: They encourage the habit of savings among people and mobilise idle resources for production purpose. ... These innovations are mostly financed by bank credit in the developed countries.Banks help in accelerating the economic growth of a country in the following ways: 1. Accelerating the Rate of Capital Formation: Commercial banks encourage the habit of thrift and mobilise the savings of people. 
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