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Role of Commercial Banks in Economic Development
SUBJECT : Economics
PUBLISHED ON : 09/12/13
NUMBER OF PAGES : ( 4 Pages)
PRICE : Rs 3

Banking is a business like any other business. We have seen that the business in which banks are engaged may be described as that of dealers in debts. They carry on many specialized activities which have earned them the title department stores of finance. The most important aspects of banking, however relate to the operations of commercial banks as lenders and deposit administrators. The commercial banks play an important role in the economic development of a country.

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