Question

Write a paragraph on "Bank's place in India's economy".

Answer 1

Answer:Bank's place in Indian economy

Bank's have a unique place in India's economy because banks make records of the accounts of people who invest or keep their money and jewelry in the bank.People keep their money in the lockers given to them by the banks.People also take loans from the banks for their need.Banks work as same as the guilds that gave loans to the people in the earlier times.Their many banks in India like SBI,HDFC,PNB,UCO bank etc.But the main bank is the RBI the reserve bank of india.It keeps the records all the banks of india.So banks perform a major role in the Indian economy.

Explanation: