Banking

   

Banking refers to the business of providing financial services, such as accepting deposits, making loans, and providing payment services. Banks are financial institutions that are licensed to receive deposits and make loans, and they play a crucial role in the global economy by providing a safe and convenient way for people to save and borrow money. Banks can also provide other financial services, such as investment advice, foreign exchange, and credit cards. In order to provide these services, banks are subject to strict regulations designed to protect consumers and ensure the stability of the financial system