what are the difference between banking institutions and
financial institutions?



what are the difference between banking institutions and financial institutions?..

Answer / Sanjay Kumar Dhaka

Banking institutions are primarily depository institutions that accept money from savers and provide loans to borrowers. They offer services like checking accounts, savings accounts, and loans. Financial institutions, on the other hand, encompass a broader category of organizations that deal with financial services. This includes banks, insurance companies, and investment firms.

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