Banking

Banking is a system of financial institutions that offer services like savings accounts, checking accounts, loans, and investment products. Banks act as intermediaries between those who have excess funds (depositors) and those who need funds (borrowers), enabling the allocation of capital for productive purposes. They provide a safe place for individuals to store their money and access it easily, offer loans for various purposes, and often offer services like payment processing, investment advice, and wealth management. Additionally, banks play a vital role in the economy by supporting economic growth, facilitating trade, and contributing to financial stability. They are typically regulated by government authorities to ensure their safety and soundness and to protect the interests of depositors.