Social Sciences, asked by HappiestWriter012, 1 year ago

What is the Use of banks in the Economy of India

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Answered by Anonymous
1
Commercial banks can be proved very advantageous in an economy whether it's of India or any other country. They not only take care of our money but they also save it and invest it in some or the other purspose which fulfills our needs. Commercial banks play an important role in the economic development of a country as they lend the money to their citizens and use it to give Home loans , Education loans , etc.

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Answered by mannatmarya
0

Commercial banks can be proved very advantageous in an economy whether it's of India or any other country. They not only take care of our money but they also save it and invest it in some or the other purspose which fulfills our needs. Commercial banks play an important role in the economic development of a country as they lend the money to their citizens and use it to give Home loans , Education loans , etc.


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