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What is meant by banking by it nature?

what does the contribution of banking industires to economic development  through the world?

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Question added by wendemu birhane Teshome , branch managment , commericial bank of ethiopia
Date Posted: 2015/11/13
Surjeet Devnath
by Surjeet Devnath , Branch Manager , Ultra Shipping And Logistics

Finance is a life blood of Trade, Commerce And Industry. Now a days banks act as a Back Bone of modern Business. Development of any country is completely depands upon Banks and Banking systems.

Bank is a financial Institution which receives money from public as deposite and lends money to borrowers

or needy peoples. 

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