Free help with homework

Why join Brainly?

  • ask questions about your assignment
  • get answers with explanations
  • find similar questions



This Is a Certified Answer

Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
Role of Banking in Indian Economy
Role of Banks in Indian or any economy!

Banks help in circulating the flow of money, 
With instruments like CRR(Cash Reserve Ratio), CAR ( Cash Adequacy Ratio) Banks regulate the flow of credit. If credit is cheaply available (CRR and CAR ratio are low ), it means more money is available in economy easily

Banks play a role in Capital Formation
There is a difference between hoarding and saving. If incentives are provided for saving money into bank and not hoarding, it can create more capital that can be utilized for various fruitful purpose.

Financing any sector/Industry
Banks provide credit to business for short, medium and long term to industries of various size and thus driving growth in particular sector.

Employment Generating Activities
By providing financing and Capital Formation , it is also driving employment opportunities in the economy too!

For more about the currencies and history you can look at
11 4 11
The Brain
  • The Brain
  • Helper
Not sure about the answer?
Learn more with Brainly!
Having trouble with your homework?
Get free help!
  • 80% of questions are answered in under 10 minutes
  • Answers come with explanations, so that you can learn
  • Answer quality is ensured by our experts