What Is Banking and Finance | Bank Recruitment

 Banking and finance are the important aspects to the growth and investment. As without an efficient and effective financial system, lending-borrowing can be not only costly but risky at the same time. Therefore, providing your saved resources to a financial institution can be beneficial for both the depositor and the institution, as they use the money for more productive ventures. A well structured network of financial institutions updates and restructures trade, production and flow of resources in an economy. The organised use of savings and the ability to take risks are the key elements of a growing economy. An effectual financial system acts as a constructive medium for development, as any system merely acting as money minting centre can not contribute to the economy’s growth. For that reason, banking and financial institutions have to mobilise resources.