Question

write the 3 functions of bank in 3 points ????
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Answer 1

Answer:

• bank keep small portion of their deposit to provide loans
• banks ask for Collateral from people so that it can be observed that the money will be back
• it also looks for documentation it provides loans at a very low interest rates the difference between money from loans with higher interest rates then given to depositors

- @RaunacYadav

Answer 2

Answer:

Step-by-step explanation:

1. Banks regulate income by giving a small amount with with the depositors and giving a high rate of interest to the lenders the difference with what to give and the interest gained is their main source of income

2. To provide loans for various schemes like educational etc.

3. Banks also have to provide the lending list to the RBIat a tenure of every 5 years and the interest they chatge