It is necessary for any economy to have various financial intermediaries that help in the accumulation of the funds that are available with various people for diverting it for productive or investment purposes. In modern economies bank have a very crucial role to play as they are mainly earning on account of the gap in the interest charges which they are taking from the borrowers and the interest which they are paying on the savings made in their accounts. But this is getting a more complex kind of operations ever since the world market has experienced globalization due to which there is de regulation that is seen in the market.
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