Question #50459
"Commercial banks in India are now financial super markets" Explain the
statement in view of innovative functions of commercial banks.
statement in view of innovative functions of commercial banks.
Expert's answer
Banks in India are trying to satisfy diverse customerneeds. Therefore they turn into “financial supermarkets” – places, where banks
provide for their customers various financial services: banking, insurance,
investment, accounting, factoring, leasing, realtor, legal, consulting,
publishing, travel, etc.
provide for their customers various financial services: banking, insurance,
investment, accounting, factoring, leasing, realtor, legal, consulting,
publishing, travel, etc.
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#340153 on Dec 2023
#340153 on Dec 2023
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