Banking

Banks are vital financial institutions licensed by governments to manage the economy�s money flow. Their core functions include accepting deposits and offering loans, while modern banks also provide various financial services such as investments, insurance, and digital payments.

Globally, banking models vary � for instance, German banks have traditionally held stakes in industrial firms, while U.S. regulations restrict banks from owning non-financial companies. This diversity reflects regional approaches to balancing regulation and innovation.

In India, the banking sector has evolved remarkably over the last few decades. From its early roots to a now expansive network, Indian banks have extended their reach from urban centers to the remotest parts of the country. This inclusion has played a significant role in supporting India�s economic growth.

The modern Indian banking landscape includes commercial banks, cooperative banks, digital banks, and non-banking financial companies (NBFCs), all contributing to greater financial literacy, accessibility, and inclusion.

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Keywords:

bank, banking, financial institutions, financial services, digital banking, commercial banks, cooperative banks, Indian banking industry, online banking, internet banking, NBFCs, banking regulations