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What is banking?

Updated: 9/11/2023
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8y ago

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Banks are financial institutions extending finance to individuals, industries for overall economic growth of the country. In fact banks are the backbones of the economy of any country.Banks also offer forex jobs including export and import of the country. There is always a Central Bank under the Ministry of Finance who governs the banking operations of the country.

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11y ago
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13y ago

A bank is a place where people deposit money and save their incomes. Banks offer interest on money saved and also offer other services such as loans and mortages.

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8y ago

Banking is an activity ,which involves acceptance of deposits for the purpose of lending or investing. A banker is one who undertakes banking activities.

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8y ago

Banking is the business of managing or working in a bank.

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