3 April 2025

Banking and Finance

Banking and Finance refers to the sector that encompasses institutions, services, and activities related to the management of money, assets, investments, and credit. Banking involves the acceptance of deposits, provision of loans, and facilitation of financial transactions, typically carried out by various financial institutions such as banks, credit unions, and savings associations. Finance, on the other hand, involves the study and management of funds, including the allocation of resources, investment strategies, risk management, and the analysis of financial markets and instruments. This sector plays a critical role in the economy by facilitating capital flow, supporting economic growth, enabling business operations, and providing individuals with access to financial services. Overall, Banking and Finance is essential for economic stability and development, influencing both individual economic decisions and broader economic policies.