Banking Awareness 2026-27

First Published: January 15, 2026 | Last Updated:January 15, 2026

1. Meaning, Definition & Importance of Banking Banking refers to the business activity of accepting money from the public for safekeeping and lending that money to others for productive use. In simple terms, a bank acts as a financial intermediary between people who have surplus funds (depositors) and those who need funds (borrowers). By doing […]