Banking

Banking refers to the business activity of accepting deposits from the public, providing loans, and facilitating financial transactions. It encompasses a wide range of services offered by financial institutions known as banks. These services include savings and checking accounts, credit and debit cards, mortgage lending, investment services, and wealth management. Banking plays a critical role in the economy by enabling individuals and businesses to manage their finances, access credit, and invest in opportunities. The sector is regulated by government authorities to ensure stability and protect consumers. There are different types of banks, including commercial banks, investment banks, and central banks, each serving distinct functions in the financial system.