Watch do you mean by indigenous banking system
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Answer:
=>Indigenous bankers are private firms or individuals who operate as banks and as such both receive deposits and give loans.
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Answer :
The meaning of indigenous banking system is given below :
Explanation :
indigenous banking system :
Indigenous bankers are the private individual firms Their main motive is to provide money to the all types of firms, basically they also perform the duties of a bank like receiving deposits and saving them giving interest on them but the ultimate goal is money lending.
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