Question

Role of the banking system in the economic growth and develipment

Answer 1

Bank performs various functions for the economics growth and development.
Bank gives loan to the entrepreneur so that he can invest the money and put to growth.
Bank even have provided the huge convince that people can pay through bank and safe keeping on it. Although people can earn by it also bank is nervous system of country if it stop for a day only then the country will incurred a heavy losss and many important payment may stops