They raise funds from the public, directly or indirectly, and | UPSC Economy
They raise funds from the public, directly or indirectly, and lend them to ultimate spenders.
They advance loans to the various wholesale and retail traders, small-scale industries and self employed persons. Thus, they have broadened and diversified the range of products and services offered by a financial sector.
This channel is created with an aim to provide UPSC specific notes of Economy for both prelims and mains. Do not copy or forward post without permission....
