And Finance?

Banking refers to the business of accepting, lending, and safeguarding money for individuals, businesses, and other entities. Banks provide a range of financial services, including savings and checking accounts, loans, mortgages, credit cards, and investment products.

Finance, on the other hand, is a broader term that encompasses the study and management of investments, assets, and liabilities. Finance includes various activities such as financial planning, investment analysis, risk management, and financial reporting.

While banking is a subset of finance, finance has a wider scope and includes activities beyond banking, such as corporate finance, investment banking, financial analysis, and financial consulting. Finance is also concerned with managing assets and liabilities across various industries and sectors, whereas banking primarily deals with the financial needs of individuals and businesses.