Bank is a financial institution of a country that accepts deposits from the people and provides many financial services like fixed deposits, loans. The definition of bank may varies from country to country.
Indian banks are categorized into four types
Public sector bank
Private sector bank
Regional rural banks
foreign banks
Lending activities can be directly performed by the bank. People can get money for there needs through different loans like bike loan, car loan, home loan, gold loan,crop loans, educational loan for needs.
Banks act as a financial bridge between people and Government, Also banks are backbone of country economy. Many small and medium scale enterprises run their business with the help of banks.
In India Reserve bank of india is major head for all banks, In our country both private and public sector banks are playing major operations and roles for the growth of country.
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