In earlier times, people used to save to meet their needs. Once the money was deposited, only then a person would buy what he needed. But this human problem was solved by finance people. Now if someone likes something, he buys it on loan. After this the loan is gradually repaid. This system was started for the convenience of humans. But some people take advantage of this also. They buy things on loan but do not repay the loan after that. In such a situation, banks have to adopt another…
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