+2 votes
in Class 12 by kratos

Explain any three loan activities of banks in India.

1 Answer

+3 votes
by kratos
 
Best answer

(a) Banks keep a small proportion of their *** as cash with themselves.

(b) Major portion of the *** is used for extending loans.

(c) The banks mediate between depositors and borrowers in this way.

(d) They charge high rate of interest on loans than what they offer on deposits.

...