What Does Banking And Finance Mean?

5 Answers

Sajid Majeed Profile
Sajid Majeed answered
Bank deals in money and credit. A bank is a factory manufacturer of credit. Bank get money from the people on low rate of interest and gives loans to industrialists and businessmen on high rate of interest. The difference between accepting deposits and issuing loans is profit of the bank.    The commercial banks work on commercial basis. The aim of the bank is to earn profit. On the other hand the aim of central bank is not to earn profit, but to regard the supreme interest of the country.    Finance is the blood of business. In modern time, it is not possible to start business activities without the availability of adequate finance. Business enterprise requires funds for the creation of fixed capital i.e. Land, building, machinery and for the purchase of man power, raw material, energy etc.    Business finance means anticipation acquisition and allocation of funds.  Business finance is defined as that business activity which is concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives and business enterprise.    The success and failure of business in private sector is linked with finance. Business without finance is a just like a fish out of water. For proper working of assets, repair renewal and maintenance is necessary. This work cannot be done without finance.
Shawn Profile
Shawn answered
Correct me if I'm wrong, but I believe that banking is the storing and accruing of monies, whereas financing are things such as loans and mortgages, and the like.  Just a semi-educated guess though.  I wonder what made you ask that question (just curious).
Zehra Kamal Profile
Zehra Kamal answered
Finance is generally related to all types of financial, this could be accounting, insurances, policies. Whereas banking is everything that happens in a bank only.
Anonymous Profile
Anonymous answered
If I study degree banking and finance,I only can work in bank?I think work in bank is a type of boring life for me..I can work in private sector?

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