Banking and Finance

Banking and Finance refers to the sector that encompasses the institutions, services, and activities related to the management of money, credit, investments, and financial transactions. It includes a broad range of functions performed by banks, credit unions, investment firms, and other financial institutions that facilitate the flow of capital and provide financial services to individuals, businesses, and governments.

In banking, this includes services such as accepting deposits, granting loans, and managing payment systems. The finance aspect involves activities related to the allocation of assets, investment management, financial planning, and the analysis of financial markets and instruments.

Together, banking and finance play a crucial role in the economy by enabling financial intermediation, managing risks, and providing the necessary infrastructure for economic growth and stability.