Bank is a financial institution, whose primary functions are receipts of deposits, granting loans and advances and dealing with money. There are several types of banks which includes commercial, retail and investment banks. They are a very important part of economy as they provide services for both consumers and businesses. Commercial ones provide service to private individuals and businesses whereas retail provides credit, deposit and money management to individuals. Community banks are concentrated on local market who provide personalised service and build relationships with customers. Types of bank accounts include savings, checking and certificate of deposit. They face a number of risks while running business and their capital consist of equity, retained earnings and subordinated debts. Most countries have banks regulated by central bank or national government. Their profit is the interest from loans they lend and paying less for deposits or savings accounts. More details can be obtained from the presentation.

Anjali Krishna SS

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