what do the banks do with the deposits collect from public?
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Ever wondered how banks are able to provide loans to public.
Yes this is the answer the deposits collected by the bank are used to provide loans to general public.
They are also used to maintain a reserve balance i.e. the CRR which commercial banks have to keep with the Central bank.
Yes this is the answer the deposits collected by the bank are used to provide loans to general public.
They are also used to maintain a reserve balance i.e. the CRR which commercial banks have to keep with the Central bank.
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