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Banks perform a variety of operations ranging from basic or primary functions like daily transactions in a branch to others which may be agency or general utility in nature. Transactions incidental to revenue/sales or to maintaining the business are an important part of the banking sector’s value chain. In this article, we will consider the main operations carried out in the course of banking.

When a bank fails, the depositors suffer as much if not more than the owners of the bank. The failure of a major bank can lead to losses beyond the borders of nations. This makes the banking sector an excellent candidate for government regulations. The Bank’s lending policy has a direct impact on the economy, particularly during periods of economic downturn and recovery. Acting too cautiously, they restrict the availability of funds and taking on more risk can create an inflationary boom. Let’s explore various banking regulations and how they protect our interests as consumers.

In this article, we will look at the major services provided by banks, insurance companies, mutual funds, stockbrokers, and other financial services firms that make up the financial system. Companies in this sector, which make different financial assets and liabilities more or less attractive to individual investors and borrowers, offer different services.

When you think of a bank, what image comes to mind? A bank is a financial intermediary for saving, transferring, exchanging or lending money. Banks issue “currency” – the medium of exchange. A bank is a business and banks sell their services to make money, and they have to market and manage those services in a competitive arena. Learn more about banking fundamentals.

Banks and other institutions play this critical role by providing services essential to the functioning of an economy. Saving, transferring, lending and exchanging money in various forms, as well as assessing the creditworthiness of customers, are the main functions performed by banks. Learn about the role banks play in shaping, their importance in the modern global economy, and why they matter to nations as a whole.

Banks are commercial institutions and, like any other profit-making commercial enterprise, aim to increase their profits by expanding their business. Unlike other stores and shops, banks sell services rather than products. The banking industry is a unique business model and banks have various sources of income such as interest allocation, commissions, fees and other income. Find out how banks get their funds and how they make money on services. In this article, we take a closer look at how banks do business and how they make profits and explore the value chain of the banking industry.

The banking sector is a unique activity and banks are a very important institution for the efficient functioning of the financial system. What are the different components of banks’ balance sheets? What are the different assets and liabilities in their balance sheet? Deposits are assets to anyone who invests them, but how are deposits accepted by a bank represented on the bank’s balance sheet? Explore the answers to these questions and understand the importance of items that are typically part of a commercial bank’s balance sheet. Understand the commercial banking business model from an accountant’s perspective.

The banking industry has changed dramatically over the past 20 years, and today it is one of the most competitive businesses in the world. Like any business, a bank must attract customers to make money. Today there is an ever-widening range of services offered by the banking sector. Technology has impacted the banking industry and changed the way it operates. With changing times, banks are also offering innovative new products to meet the dynamic and evolving needs of their customers. Discover the different banking products and services.