Banks are financial institutions engaged in the activity of accepting deposits from public and giving loans to the borrowers. It gives loans against real estate i.e. pret immobilier loans or on receiving of guarantee by some influential person through simulation pret. Banks are either private or government owned. Earlier this was the only banking activity performed by banks but of late, it is playing a diversified role. Due to acceleration of economic activities and globalization, banks hold a vital position in the market.

It assists people in almost all their daily activities. Accepting and lending of money is the most important function of banks. It provides cheque and credit facilities to its customers to minimize the risk of theft and misplacement of cash. Banks provide safe and lockers to its users for safe keeping of valuables like jewelry, confidential documents etc.

Banks also perform subsidiary activities like receiving and payment of dividends and interests, purchase and sale of shares and share certificates on behalf of its customers. It issues trade notes for the traders. Banks also assist people in transferring of funds from one branch to the other. Thus, the role of banks in this fast changing economic world is indispensable.