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Answer to Question #50290 in Other Management for Subramanian

Question #50290
"Commercial banks in India are now financial super markets" Explain the statement in view of innovative functions of commercial banks.
Expert's answer
Nowadays many banks in India provide various financial services: banking, insurance, investment, accounting, factoring, leasing, realtor, legal, consulting, publishing, travel, etc. It enables the commercial banks to satisfy diverse customer needs and turns them into so called “financial supermarkets” – places, where customers can get different kinds of financial services.

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