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The Banking Sector consists of all Banking and Financial Institutions in a country. For example in India, all companies that provide banking and financial services come under the Banking sector. Ex:
- State Bank of India
- ICICI Securities
- Religare Asset Management Company
- HDFC Mutual Funds
- Etc
Are all part of the Banking industry in India. The list above is not exhaustive and every single company that provides such services are part of it.
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