Question

What are the important reasons of
decline in indigenous banking
in
andia ?
​

Answer 1

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(1) They are a hindrance in the development of an organised money market in India. The Reserve Bank of India has no control over them. (2) They follow old methods of business which are based on secrecy of accounts and activities. Accounts are mostly maintained in vernacular.

Answer 2

Answer:

please mark as brainliest the upper answer.......