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.
1
Expert's answer
2015-01-13T11:34:12-0500
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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