The role of commercial banks in the economic development of the country
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Role of Commercial Banks in economic development of country. Commercial Banks have always played an important position in the country's economy. ... They are acting not only as the custodian of the wealth of the country but also as resources of the country, which are necessary for the economic development of a nation
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Banks play an important role in capital formation, which is essential for the economic development of a country. They mobilize the small savings of the people scattered over a wide area through their network of branches all over the country and make it available for productive purposes.
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