Banking systems includes many different functions, depending on the network of institutions. As for example, payment and loan functions at commercial banks accept us to deposit funds. Furthur this system use our checking accounts and debit cards to pay our bills or make purchases in our regular or as usual life. Even , They can also help us finance our cars and homes. Thus, it can be defined as a group or network of financial institutions that provide financial services to the society people. These type of financial institutions are responsible for operating different types of payment system, providing comprehensive loans, taking deposits, and helping with investments.
Bank plays vital role develop the modern infrastructure and to run the operating system at all levels. Bank acts like a financial advisor for every individual. There are many diplomatic financial situation arises as often we found into society. All banks have a great contribution to develop the way to demolish diplomatic issues.