write an essay about banking sector in english

Essay On Bank

Essay on Bank

500+ words essay on bank.

Banks are an integral part of the modern economy. They play a major role in the economic growth and development of a country. The idea of banking evolved with the idea of money. In India, public sector banks (PSBs) have been working to provide banking services in urban and rural areas since 1970. These public sector banks account for nearly 70% of banking activity in India. With the help of this essay on banks, students will get to know the functions performed by banks and their importance for individuals and the country. To help students in improving their essay-writing skills, we have also compiled a list of CBSE Essays on different topics. By practising these essays, they can boost their writing skills and also score good marks on the English exam.

Meaning of Bank

Banks are mainly linked to depositing and lending money. In Indian society, moneylenders used to give money to people in ancient times. They charged a high rate of interest to people as there were no banks or banking systems available at that time. But, with the change in time, the banking system was introduced in India. Now, we have public sector banks and private banks.

A bank is a financial institution that deals with deposits, withdrawals and other related banking services. Bank receives money from those who want to save in the form of deposits, and it lends money to those who need it. A bank is a financial institution that works as an intermediary to accept deposits and channels those deposits into various lending activities. It does so through loans or capital markets. A bank establishes the connection between the customers who have capital surpluses and those with capital deficits. In India, all banks operate under the guidelines of the Reserve Bank of India, which is known as the banker’s bank.

Functions of Bank

Banking is the lifeline of the modern economy. It has played a very important role in the economic development of all the nations of the world. We can not think of modern commerce without banking. Banking is a business which seeks profits like any other business. The banking business mainly constitutes borrowing and lending as their basic functions. Now, banks are providing many other services to people, such as net banking, online shopping, mobile banking, granting loans and advances, short-term credit, pension payments, acting as a dealer in foreign currency etc. A common person can safely deposit their money in the banks.

How Important are Banks for Development?

Banks are the most important financial pillars. They play a vital role in the economic development of a country. The financing requirements of industries, trades, agriculture and other business are met with the help of banks. Therefore, if the banking system of a country becomes strong, then the development of the country will also be at a faster rate. In today’s economy, banks are not only dealing with money, but they are also contributing to the development of the nation. They play a crucial role in the disbursement of credit and the mobilisation of deposits to various sectors of the economy. Banks also represent the economic health of the country. The strength of a nation’s economy depends on the strength of the financial system, which depends on the banking system.

In India, banks play a crucial role in the social and economic growth of the country after independence. The banking sector in India accounts for more than half the assets of the financial sector. The Indian banks have shown much growth after the implementation of financial sector reforms.

Banks are the backbone of any country’s economy. They are responsible for running the economy and controlling the price of the markets. They perform various important functions. However, there are default NPAs, cases of corruption and security threat-related issues, but these can be resolved by implementing strict laws and rules by the government.

Students must have found the “Essay on Bank” useful for improving their essay writing skills. They can get the study material and the latest updates on CBSE/ICSE/State Board/Competitive Exams, at BYJU’S.

Register with BYJU'S & Download Free PDFs

Counselling

Search Search Please fill out this field.

What Is the Banking Sector?

How banking works, how do banks drive the economy, how banks are regulated, major companies in the banking sector, the bottom line.

Personal Finance

How the Banking Sector Impacts Our Economy

Banks help keep the economy running smoothly—and can also send it crashing

write an essay about banking sector in english

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications.

The banking sector is a major segment of the U.S. and world economies. While some might define it more broadly, the U.S. Department of Commerce considers it a subsector of the larger financial services industry , which also includes subsectors focusing on asset management, insurance, venture capital, and private equity.

The U.S. banking system alone had $23.60 trillion in assets and a net income of $263 billion at the end of 2022.

The principal economic functions of the banking sector are to take deposits and make loans.

Key Takeaways

The banking sector is vital to the U.S. and world economies.
Its primary function is to safeguard depositors’ assets and make loans to individuals and businesses.
Banks are regulated by the federal government, and sometimes state governments, to try to keep them from taking on too much risk and imperiling the economy.

Holding financial assets is at the core of all banking, and where it began in ancient times—though it has expanded far beyond the days of storing gold coins for wealthy patrons.

At the most basic level, a bank takes deposits from individuals or businesses, with the promise that the money can be withdrawn when the depositor wants it (though sometimes with a penalty for early withdrawal). Depending on the type of account, the bank also may pay interest on the depositor’s money.

The bank then lends the money it has on deposit to other individuals and businesses and receives interest payments from the borrower in return. Banks make a profit on the difference between the interest rate that they pay depositors for the use of their money and the higher interest rate that they charge borrowers.

By law, banks cannot lend out all of the money in their possession, but are required by regulators to keep a certain amount of capital in reserve to cover withdrawals and other needs. The rules change from time to time and vary by the size of the bank, but many large U.S. banks recently were required to keep 8% of their capital in reserve.

In addition to making loans, banks can invest their own money in other kinds of assets, such as government securities.

The banking sector is crucial to the modern economy. As the primary supplier of credit, it provides money for people to buy cars and homes and for businesses to buy equipment, expand their operations, and meet their payrolls.

Banks also provide depositors with a safe place to keep their money (particularly since the advent of the Federal Deposit Insurance Corp. (FDIC) , which insures many accounts up to certain limits) as well as to earn some interest on it.

The credit cards, debit cards, and checking accounts that banks make available facilitate all kinds of everyday transactions. They also help drive ecommerce , where cash is of little use.

The banking sector is also a major employer. In 2022, for example, FDIC-insured commercial banks alone employed nearly 2 million people in the United States.

On the negative side, the banking sector also has the capability of doing enormous harm to the economy. In the subprime mortgage meltdown that began in 2007, for example, reckless lending on the part of some banks sent the economy into a tailspin and triggered the Great Recession of 2007–2009. Regulatory reforms enacted since that time may help avert a similar crisis in the future.

Investopedia / Yurle Villegas

Because of the vital role that banks play in the economy, governments around the world have laws in place to try to prevent them from engaging in excessively risky behavior. In the United States, for example, banks are regulated by an assortment of federal and state agencies, depending on the type of bank. The sector also self-regulates through actions of organizations such as the Financial Services Forum and the Financial Services Roundtable.

The federal regulators include the Federal Reserve System , the Office of the Comptroller of the Currency , and the FDIC. Credit unions, which also may be considered part of the banking sector, are regulated by the National Credit Union Administration .

State-chartered banks fall under the jurisdiction of state banking regulators and supervisors. Some banks are regulated on both state and federal levels.

Banks range dramatically in size, from the small-town corner bank to international behemoths, sometimes referred to “global systemically important banks” or banks considered “ too big to fail ” because of the havoc that their failure could supposedly cause to the world economy.

In the United States today, the five largest banks are JPMorgan Chase, Bank of America, Wells Fargo, Citibank, and US Bank. All but the last hold assets in excess of $1 trillion.

Why Are Banks Called Banks?

Some believe the word “bank” comes from banca , the Italian word for bench. Merriam-Webster says banca also referred to “the benchlike counter at which an early money changer transacted business.”

What Are the Different Types of Banks?

The common types of banks include central banks, commercial banks, and investment banks. Central banks are government institutions, like the U.S. Federal Reserve, whose role is to regulate their nation’s money supply. Commercial banks are what most of us think of as banks, taking in deposits and issuing loans. Investment banks generally work with companies to help them issue stock or find financing. Large banks often have divisions for both commercial and investment banking.

How Many Banks Are There In the United States?

There were 4,706 Federal Deposit Insurance Corp. (FDIC)-insured commercial banks in the United States as of December 2022. That number is dramatically down from previous decades, due to mergers, consolidations, and bank failures. In 1984, the U.S. had more than 14,000 commercial banks.

The banking sector has been important to nations’ economies since ancient times, particularly in safeguarding wealth and providing credit to individuals and businesses. Countries, including the United States, have regulations aimed at keeping banks from getting into financial trouble and dragging down the entire economy. Those regulations have met with mixed success over the years but continue to be refined.

FDIC. " Statistics At a Glance ."

FDIC. " FDIC-Insured Institutions Reported Net Income of $68.4 Billion in Fourth Quarter 2022 ."

St. Louis Fed. " Total Commercial Bank Assets ."

San Francisco Fed. “ What Is the Economic Function of a Bank? ”

Federal Reserve. “ Federal Reserve Board Announces the Individual Capital Requirements for All Large Banks, Effective on October 1 .”

Statistica. " Number of employees of FDIC-insured commercial banks in the United States from 2000 to 2022 ."

San Francisco Fed. “ Are All Commercial Banks Regulated and Supervised by the Federal Reserve System, or Just Major Commercial Banks? ”

Federal Reserve. “ Federal Reserve Statistical Release: Large Commercial Banks .”

Merriam-Webster. “ Bank: Did You Know? ”

St. Louis Fed. “ Commercial Banks in the U.S. ”

A Primer on Important U.S. Banking Laws 1 of 29
Dodd-Frank Act: What It Does, Major Components, and Criticisms 2 of 29
Major Regulations Following the 2008 Financial Crisis 3 of 29
Too Big to Fail: Definition, History, and Reforms 4 of 29
Volcker Rule: Definition, Purpose, How It Works, and Criticism 5 of 29
Understanding the Basel III International Regulations 6 of 29
What Is Basel I? Definition, History, Benefits, and Criticism 7 of 29
Basel II: Definition, Purpose, Regulatory Reforms 8 of 29
Basel III: What It Is, Capital Requirements, and Implementation 9 of 29
What Basel IV Means for U.S. Banks 10 of 29
A Brief History of U.S. Banking Regulation 11 of 29
The Evolution of Banking Over Time 12 of 29
How the Banking Sector Impacts Our Economy 13 of 29
What Agencies Oversee U.S. Financial Institutions? 14 of 29
Dual Banking System: Meaning, History, Pros and Cons 15 of 29
Glass-Steagall Act of 1933: Definition, Effects, and Repeal 16 of 29
Bancassurance: Definition, How It Works, Pros & Cons 17 of 29
Electronic Fund Transfer Act (EFTA): Definition and Requirements 18 of 29
Bank Secrecy Act (BSA): Definition, Purpose, and Effects 19 of 29
How Banking Works, Types of Banks, and How To Choose the Best Bank for You 20 of 29
Chartered Bank: Explanation, History and FAQs 21 of 29
Nonbank Financial Institutions: What They Are and How They Work 22 of 29
Shadow Banking System: Definition, Examples, and How It Works 23 of 29
Islamic Banking and Finance Definition: History and Example 24 of 29
What Is Regulation E in Electronic Fund Transfers (EFTs)? 25 of 29
What Is Regulation CC? Definition, Purpose and How It Works 26 of 29
Regulation DD: What it is, How it Works, FAQ 27 of 29
Regulation W: Definition in Banking and When It Applies 28 of 29
Deregulation: Definition, History, Effects, and Purpose 29 of 29

Terms of Service
Editorial Policy
Privacy Policy
Your Privacy Choices

Entertainment
Environment
Information Science and Technology
Social Issues

Home Essay Samples Life

Essay Samples on Banking

When federal deposits fail: analyzing the 2023 federal reserve direct deposit crisis.

During the summer of 2023, a myriad of Americans encountered an unforeseen hurdle - an unprecedented postponement in the receipt of their direct deposits from the federal government. This predicament was rooted in a technical anomaly at the Federal Reserve, the institution responsible for processing...

The Ascent of Money: Is Money the Root of All Evil

In Niall Ferguson’s The Ascent of Money, Ferguson analyzes the history of money, banking, and credit. He tracks the development of currency as a form of trade, explores its growth and effects on society, and looks forward to how it may continue to develop in...

Benefits And Risks Of Off-balance-sheet In Banking

Off-balance-sheet activities refer to activities that are not included in the banks’ balance sheet but can affect the bank’s current profits and losses of business activities. In a financial aspect, off-balance-sheet activities have a narrow sense and a broad sense of meaning. From the narrow...

How IMF and World Bank Improve the Globalization

Introduction The task tries to clarify on the capacities and points of both the IMF and the World bank, it at that point further locales out the conditionality’s given to Zambia. International Monetary Fund “Worldwide Money related Reserve” (IMF) The word (IMF) implies Global Money...

Globalization

Analysis of the Various Credit Card Fraud Detection Techniques

Abstract: The incidents of fraud are increasing year by year, with credit fraud occupying prominent role. This has driven scientists to keep investigating techniques that can be used to detect credit fraud. The main contribution of this project involves finding the characteristics of various techniques...

Credit Card

Stressed out with your paper?

Consider using writing assistance:

100% unique papers
3 hrs deadline option

Delta Airlines – Cash Flow and Cash Management

Cash Flow Analysis Cash flow from operations are vital for the business to exist, and it reflects how much amount of cash generated from sales minus the COGS and SGA. Delta generated $7.2(b) in the year 2016 from its operations much above its competitors; American...

The Importance of Cash Management for Business

Cash management is simply defined as working capital. It was designed to assist and ensure that adequate levels of cash are readily available to fulfil a business’s short-term needs such as inventory purchases (Bryant, 2018). However, it also has a much bigger job. It is...

Comparison of Islamic Finance and Venture Capital

Introduction What is Islamic Finance As the name implies, it is quite self-explanatory. It is essentially a simple banking system that obeys the Shariah Law and also looks into developing Islamic economies by application. This system consists of small conditions such as the ban of...

Venture Capital

Depiction of Highs and Lows of the Wall Street in Great Gatsby

Undoubtedly, money is the ultimate driving force not only of business within America but globally too. To a certain degree, money provides power, freedom and time; it can be used to protect yourself and the ones you love and puts you in control of your...

Wall Street

Report on Bank's Credit Card Financial Plan

The bank our group choosing which is AmBank, they offered about a total of 22 credit card such as AmBank True Visa Card, AmBank Visa Signature Card, AmBank World MasterCard and so on. The credit card most used of AmBank’s customer which is AmBank Carz...

Investigating Credit Card Fraud Detection

Motivation: In present days payment systems are changed into online transactions. There are many types of online payment method like e-cash, credit card, internet banking etc. Credit card is one of the best method for online payment. Credit card is a plastic card which is...

Risk Taking of Commercial and Retail Bank

Introduction Without taking the risk, banks, the important financial institution, cannot be in running order (Matthews & Thompson, 2014). In business term, bank is defined as an institution authorized by a government which provide financial services, for example, accepting deposits, paying interest, making loans, etc.,...

Risk Taking

Analysis Of United Overseas Bank In Terms Of Three Segments Of Banking

Introduction United Overseas Bank (UOB) is a full-service bank in Singapore founded by Wee Kheng Chiang in 1935. The bank provides its customers with a wide range of financial product and services with its network of more than 500 branches and offices in 19 countries...

Corporate Finance

Analysis Of Moody's Credit Rating Case Study

In 2008, the American markets started to disintegrate because of frenzied and unethical, if not illegal, dealing in home loans. Investment companies and banks failed or were sold, credit became impossible to obtain and everyone was afraid to loan or borrow money. Jobs became scarcer,...

AI Along With Machine Learning For Rural Population Across India

Introduction Indian banking landscape is seeing massive transition with the advent of financial inclusion through RBI. As the government shifts focus toward cashless society, it also pushes a bouquet of digital payment options in the form of schemes, apps and services like Small savings accounts,...

Artificial Intelligence
Intelligent Machines

Assessing Bank's Proposal From Ethics And Regulation Perspective

For any strategic business proposals, XYZ Bank shall adopt the stakeholder approach to consider the interest of three main stakeholders ie internal, external and connected from both instrumental and normative perspective. Applying Medelow’s stakeholder theory will be helpful in assessing the level of interest, power...

Banking Industry In Australia And Sustainability Reporting

Overview/background information of the industry/sector/context Australian banking industry is one of the biggest sectors in the country, leading in country’s financial system. As of September 2017, authorized deposit-taking institutions (ADIs) totaled at 147, holding over 55% of all assets associated with financial sector (RBA, 2017)....

User Perception Of Mobile Banking Adoption: An Integrated TTF-UTAUT Model

Article 1 Overview In this article Debarsgi and Nidhi identify key components in the public platform of corporate communication using social media and how it is user friendly and cost effective to these corporations. Social media has become the new way of collaborating with not...

Mobile Phone

Case Analysis for Bank of America

The long term strategy has three steps to executive. Integrate Credit Card and Mortgage business into current Bank of America Mobile App. Introduce Bank of America e-commerce app which includes local mobile payment and person to person capabilities. Expand to international markets using existing mobile...

Lagos State Biobanking Background And Precedence Activity

Biobanking involves the process of collecting, treating, and long‐term storage of biological and or environmental samples. It represents an essential tool for biological, biomedical and industrial research as well as for laboratory diagnostics. Innovative and progresssive Scientific and medical researches on microbial pathogenesis, epidemiology, diagnosis...

Diversity Of Global Agent Banking Models And Its Applicability

According to McKay (2010) there is global concern to entrench financial access to previously ignored hence the emergency of agency banking. This has been adopted in several countries around the world Brazil being the first in 1999 Colombia and Pare have been declared to be...

Millennials And The Finance And Banking Industries

Okay, so today we’re discussing the industry leaders who are doing everything they can to attract the attention of the younger generations. The financial and healthcare industries have been struggling in today’s youth-driven environment. The finance industry was the first to discover that in order...

Millennial Generation

Priority Sector Lending In India

Banks are the key in the hands of government to regulate the market control inflation balanced regional growth and to ensure overall economic development. Banks play vital role in capital formation implementation of effective monetary policy strengthening the link between organized and unorganized money market...

Role of Government

The Role Of Banking Institutions In Any Economy

The banking institution is one of the most significant financial intermediaries in any economy. Its main purpose is to allocate funds from the areas of surplus to the areas of deficit. It also helps to get small amounts of deposits from individual small depositors and...

Economic Growth

Interesting Information About Banking And Financial Fraud

Financial fraud is a serious social and economic problem in a worldwide and more serious in growing countries. It has been existing for a long and it increases day by day. Fraud distress business or economy through loss of funds available for generating more cash...

Essay on Banking

Banking is a very powerful instrument of social change. Banks are playing a crucial role in bridging the gap between the rich and the poor. In fact, banking is the backbone of the modern economy. It is difficult to visualize how trade, commerce or business can be conducted without an efficient banking system.

Banking had been in existence even in earliest times, though in other forms. In India, as in other countries, there were money-lenders who charged very heavy rates of interest. The money lenders did not have the welfare of the people at heart.

They only wanted to fill their own pockets and never missed an opportunity to exploit the poor and the needy. There was nobody to check these malpractices. People condemned the money lenders, but they could not do much. They felt helpless once they were caught in the vicious net of the money-lender.

The modern banking system has no scope for this kind of exploitation Before nationalisation, banks were catering to the needs of only a small section of people belonging to the upper strata of society. In rural areas, the needy until quite recently had no choice but to go to the money lender and take loans on his terms. So the benefits of modern banking did not reach the poor.

With a view to bringing commercial banks into the mainstream of economic development with definite social obligations and objectives, the Government acquired the control and ownership of 14 major banks in the country in July 1969.

Six more banks were nationalised in April 1980 Some of the objectives of the public sector banks were: (a) to mobilise savings of people to the largest possible extent and utilise these for productive purposes, (b) legitimate credit needs of the private sector, (c) to acutely foster opportunities for helping neglected and backward areas of the country, (d) curb, use of bank credit for speculative and unproductive purposes.

The philosophy behind nationalisation of banks was that they should function as an instrument for promoting economic and social development in more purposive manner. As against 8262 branches at the end of June 1969, the number of branches at the end of 1992 was more than 60,000.

The thrust of expansion policy has improved the availability of banking facilities in rural areas. They have started extending loans at concessional rates of interest to small farmers, entrepreneurs, artisans, labourers and members of ST and SC. Lead Bank scheme was also introduced in 1969.

Unfortunately, the expectations of the policy makers and the people have not been fulfilled. Since the nationalisation of banks, there has been a slow deterioration in their services.

The banking staff has become ineffi cient, callous and indifferent to the public. Political interference has also adversely affected the working of the banks. Writing off of the loans for political gain, has put the banking services off the rails.

Freedom by GB Shaw; Summary & Analysis
Of Friendship Essay | Summary by Francis Bacon
Common Conversational Phrases in English [List of 939]
Howl Poem By Allen Ginsberg Summary, Notes and Line by Line Explanation in English

The Banking Industry: Brief Analysis Essay

Major items of the banks balance sheet, key risk factors in the banking industry, measuring the performance of financial institution, principle tools for monetary policy.

The balance sheets from financial institutions vary from those of other organizations. This is because there are no inventories or accounts payable and accounts receivable as one would expect. Their assets consist of investments and loans while liabilities consist of deposits and borrowings. Cash is one of the items present in such statements, and it represents 2% of their assets. Financial institutions earn their returns from keeping people’s money. This is achieved by lending that money to people who pay back at an interest.

Additionally, they invest that money in other areas to generate revenue for themselves. In banking language, these assets are called earning assets. Financial institutions invest a commendable amount of the money they get in securities because there is a wide pool of alternative counters to invest in, hence increasing the chances of earning huge returns. Besides, loans are the major source of revenue for financial institutions depending on the interest rates attached to those loans. This explains why most assets fall under this category. Furthermore, banks have very little hard assets such as buildings and equipment and they do not need them to remain operational.

The first risk factor is strategic risk, and it comes in when executing plans. This means that banks have to look ahead to identify possible barriers that could halt the progress of their operations. The evaluation process entails looking into future changes that could favor banks, such as speculated rise in interest rates. In such a case, strategic risk management ensures that challenges are foreseen before they actually occur.

Credit risk is another factor that revolves around borrowers who may fail to repay the amount of money they borrowed. The financial institutions use mechanisms to ensure they are shielded from such losses. They do this by assessing the borrowers to determine their ability to repay the loan before giving them loans.

Market risk is another crucial factor because if banks do not keep an eye on the market trends they could find themselves between the rock and a hard place, especially if the interest rates go down. This would have a negative impact on their assets in form of loans because the borrowers would pay little money than expected. Additionally, they have to watch how the various currencies appreciate and depreciate in value to be prepared in facing the volatility that comes along with such trends.

The last major risk is liquidity risk, which is closely associated with market risk. This is because the changing trends in markets could hinder a financial institution from transforming its cash from liquid assets into cash probably because the economy has declined.

When gauging the performance of a financial institution there are various areas that have to be looked into before concluding whether the bank is on the right track or not. More importantly, one has to look at the output obtained from investments in securities and the profits earned from the repayment of loans. This is done by identifying the initial value of the bank’s investment and the accumulated value.

The central bank uses the tools of monetary policy. They include the open market operations that are meant to regulate the amount of money in the reserve. This is achieved by purchasing the treasury bills to raise the reserve amounts. Additionally, the central bank can sell the government securities to slash the bank reserve. This is important because it influences the transactions in the other parts of the economy, such as the lending rates.

Similarly, a discount loan is a utility used to regulate other banks. When the central bank issues money to the banks at a higher discount, the banks extend this rate to their borrowers, which discourages them from taking the loans. This causes people to withdraw their funds and if the central bank does not come in, the banks could run out of reserves, hence the central bank acts as the back up plan for other banks. On the other hand, low discounts cause borrowers to flood the banks.

Changes in reserve requirements are the last alternative tool used by the central bank. It dictates the minimum amount that must be kept as reserve. This implies that there is a set limit of supply that the central bank cannot exceed without authority from the legislators. Conferring the powers to legislators complicates the matter because it takes more time to make such decisions.

Chicago (A-D)
Chicago (N-B)

IvyPanda. (2022, April 1). The Banking Industry: Brief Analysis. https://ivypanda.com/essays/the-banking-industry-brief-analysis/

"The Banking Industry: Brief Analysis." IvyPanda , 1 Apr. 2022, ivypanda.com/essays/the-banking-industry-brief-analysis/.

IvyPanda . (2022) 'The Banking Industry: Brief Analysis'. 1 April.

IvyPanda . 2022. "The Banking Industry: Brief Analysis." April 1, 2022. https://ivypanda.com/essays/the-banking-industry-brief-analysis/.

1. IvyPanda . "The Banking Industry: Brief Analysis." April 1, 2022. https://ivypanda.com/essays/the-banking-industry-brief-analysis/.

Bibliography

IvyPanda . "The Banking Industry: Brief Analysis." April 1, 2022. https://ivypanda.com/essays/the-banking-industry-brief-analysis/.

Link between Borrowers’ Risk and Mortgage Lending
The Changes in Commercial Lending
Mortgage business in Saudi Arabia
Risks Associated With Sub-Prime Lending, Lending Criteria of Wells Fargo
Landsbanki Banking Analysis and Bank Alternatives
The Discount Window as a Monetary Policy Tool
Factors Effecting Bank - Borrower Relationship in UAE
What Loan Really Costs to Customers?
Mortgage in Saudi Arabia
Sovereign Debt Default Causes
Forecasting of National Bank of Greece (Nbg Bank)
Financial Institutions and Markets the FDIC
Banking Analysis: Review
Islamic Finance and Banking. Basic Islamic Principles
World Bank Mining Industry Forecast

Essay on Bank

Banks are financial institutions that deal in monetary transactions. Banks form an integral part of any society. There are numerous banks located in different parts of our country. While earlier there were limited number of banks with a few branches in big cities and towns in India, a number of new banks have opened in the last few decades with branches in every nook and corner of the country. Banks provide a lot of services based on the customer’s requirements. They provide locker facilities, safe deposits, ATM Services, Fixed Deposits, money transfer, loan for business and houses and several other monetary services to their customers.

Long and Short Essay on Bank in English

Here are essay on Bank in English of varied lengths to help you with the topic whenever you required.

After going through these Bank essay, your knowledge about banks, their functioning and their usefulness will enhance and you will emerge as a knowledgeable person.

These essays will prove useful in your school or college assignments, especially for students of commerce or banking.

You can select any bank essay of your choice given below:

Bank Essay 1 (200 words)

The banking system that involves accepting deposits and lending money initiated centuries back in various parts of the world. The system improvised over the time and the banks these days offer various other facilities in addition to the basic depositing and lending of money.

People are encouraged to keep their money in the banks because it is a safe and secure way to store the money. The money stored in the bank in the form of fixed deposits and recurring deposits also fetches a good amount of interest. In addition to money, one can also keep jewellery and important papers in the bank lockers.

Providing loans, which is another primary function of the banks, is also beneficial for individuals and businesses in many ways. Salaried people can build their assets such as property, car, etc easily with the help of loans from the bank. Businessmen can expand their businesses with this facility. A number of other services are also provided to the businessmen to ease their financial transactions and aid in the growth of their business.

Online Banking has further enhanced the process of banking. Various banking services such as checking balance, transferring amount, applying for loan are now provided on the bank’s website. All the customers require doing is opting for internet banking service.

Bank Essay 2 (300 words)

Introduction

Banking system has been in place since centuries. The system has been prevalent in India as well as other parts of the world. Only the services provided and the functions carried out have enhanced over the time.

History of Banks

Banking service began back in the 14 th century in some parts of Renaissance Italy. It was initiated on the lines of the concept of lending and borrowing that took place among people since the ancient era. In the ancient times, the merchants gave grain loans to the traders and farmers. This was called the barter system. Over the time the system evolved to accepting deposits and lending money.

The Fuggers, the Medicis, the Berenbergs, the Rothschilds are among some of the banking dynasties that are known to play a central role in the history of banking. They dominated this sector for centuries. Modern banking services such as issuance of banknotes and reserve banking started in the 17 th century. Bank of England and The Royal Bank of Scotland are some of the oldest banks in the world.

History of Banks in India

In India, the banking system dates back to the Vedic civilization. Loans were given to the needy in that era too only the nitty-gritty’s involved in the same were different. Loans deeds in that period were known by the name rnalekhya or rnapatra.

Big businessmen and landlords gave money to the small traders and farmers on interest in the earlier times. This culture is still prevalent in some villages in the country. The lands or other valuable assets of those who were unable to pay the amount were confiscated just as the banks do these days.

The first bank established in India was the Bank of Hindustan. It was opened in the year 1770 in Calcutta. Bank of Bombay, Bank of Calcutta and Bank of Madras were set up later in the early 19 th century.

There are numerous types of banks in every country to cater to the needs of different customers. They provide various services and aid in the growth of the country’s economy.

Bank Essay 3 (400 words)

A bank is an institution that accepts money deposits from the public and provides funds on credit to individuals as well as firms. These are the primary functions of a bank but not the only functions. They provide various other services to its customers such as locker facility, transfer of funds, issuance of drafts and portfolio management to name a few.

Importance of Banks

Banks are important for the individuals as well as the development of the country’s economy. Here is why these institutions are of importance:

Provides Safety and Security

Money kept at home is not safe. It is prone to burglary. When you keep your money in the bank, it is the bank’s responsibility to safeguard it. You do not have to worry about its security.

Encourages Saving Habits

Banks offer various schemes from time to time to encourage saving habits in people. The money put in the bank is not only saved but also grows. You have the option of withdrawing it any time you want.

Eases Trade and Commerce

Banks promote trade within the country by providing loans and advances to the traders. It also eases the process of trading between different countries. They provide easy money transaction options to smoothen the process. It is easy to send and receive funds from anywhere with the advancement in the banking system.

Promotes Agricultural Sector

Agricultural sector is an important part of the economy. There are special banks that provide loans to the farmers at low interest to promote agricultural activities. Banks thus aid in promoting the agricultural sector.

Aids in Development of Industries

Banks accept deposits from individuals and businesses and provide loads to the industries. They thus aid in the development of various industries in this way. The loan can be repaid in easy instalments.

Provides Employment Opportunities

Banks provide loans for the growth and development of the agricultural and industrial sectors. As these sectors expand, a number of employment opportunities are created for the public.

Banks are an important part of any country. The modern banking services have helped in easing the process of trade, development of industries and other activities that help in the development of the country’s economy. Banks and other financial institutions that promote the growth of businesses and safeguard the money and other valuable assets of individuals are certainly play an integral role in the development of a country’s economy.

Bank Essay 4 (500 words)

Banks play an important role in maintaining financial stability in the country. They offer numerous services to help you manage your finances better. These institutions thus form a vital part of any society.

Functions of Banks

The functions of banks have broadly been classified into two categories. These are the primary functions and the secondary functions. Here is a look at these in detail:

Primary Functions

Primary functions are the main functions of the banks. These include accepting deposits and providing loans. Here is a brief look at these functions:

Accepting Deposits

These deposits are basically of four different types:

Saving Deposits: These deposits encourage public to save money. The money can easily be withdrawn and deposited in the saving account without much restriction. The interest rate here is however quite low.

Current Deposits: This account is especially for the businessmen. These accounts offer facilities such as overdraft that are beneficial for the businesses. No interest is paid in this account.

Fixed Deposits: In a fixed deposit a considerable big amount is deposited in the account for a fixed period of time. The rate of interest is high in such deposits.

Recurring Deposits: A certain amount is deposited at regular intervals in such an account. The rate of interest is high. However, the amount cannot be withdrawn before a certain period.

Providing Loans

Here are the types of loans and advances offered by the banks:

Loans: Loans are offered for both short term and long term period. The rate of interest charged on the same varies based on the type and duration of loan. It can be repaid in instalments.

Cash Credits: The customers have the facility to take cash credit up to a certain amount which is fixed in advanced. A separate cash credit account needs to be maintained for this.

Overdraft: This facility is for businessmen. It is thus provided to the current account holders. They do not require maintaining a separate account to avail this facility.

Secondary Functions

Secondary functions, also known as non-banking functions, are of two types. These are agency functions and general utility functions. Here is a brief look at both these types of functions:

Agency Functions

The bank also acts as an agent for its customers. A number of agency functions are performed by this institution. These include collection of cheques, periodic payments, portfolio management, periodic collections and transfer of funds. Banks also act as executors, administrators, advisors and trustees for their customers. They help their customers deal with other institutions.

General Utility Functions

Banks also perform general utility functions that include providing locker facility, underwriting of shares, dealing in foreign exchange, issuance of drafts and letter of credits, drafting project reports, undertaking social welfare programmes such as public welfare campaigns and adult literacy programmes.

Discounting of bill of exchange is another service provided under this.

While initially the functions of banks only included accepting deposits and providing loans; they have started providing various other services now. All these facilities are aimed at helping the customers with their finances.

Bank Essay 5 (600 words)

Banks are financial institutions that lend money and accept deposits from general public. Banks maintain the flow of money in the country and are important for its economic growth. There are different types of banks that offer different kinds of services to individuals as well as businesses.

Types of Banks

Here are the various types of banks and their functions:

National Banks

Also known by the name, Central or Federal bank, these banks manage the financial system of the government. These non-profit making institutes serve as bankers to the other banks. There is one Central bank in every country. Some of the functions of National banks include supervising foreign exchange, controlling the country’s currency and issuance of paper currency. They do not deal with the general public.

Retail Banks

These are the most common types of banks. These are mainly set up to focus on the requirements of the general public. They open your savings account, provide credit cards, give loans and provide locker facility among other services.

Saving Banks

These are especially established to inculcate the habit of saving money among the people. The deposits from the customers are turned into securities and bonds in these banks. These were set up way back in the 18 th century in European countries. Besides, accepting deposits from individuals these banks offer various other services too.

Commercial Banks

The main aim of these banks is to aid the business class. They provide loans to the businessmen and also provide other services that are useful for the business men. Some of these services include bill of exchange, overdraft and cheque collection.

Investment Banks

These banks are also set up to aid the businesses. These banks help the businessmen establish a foothold in the financial markets. Investment banks facilitate those businessmen who require selling debt to the investors or want to go public with their business.

Land Mortgage Banks

Also known as agricultural banks or Land Development banks, these are mainly set up to aid the agricultural sector by financing it. These banks also play an important part in land development. The reason why this special category of banks has come into being is that there is a lot of risk in financing the agricultural sector and the commercial banks that support other businesses are not ready to take such risk.

Co-operative Banks

Co-operative banks provide loans to small-scale farmers, small-scale businesses and salaried people. They provide both commercial and retail services to people. These banks are registered under Co-operative Societies Act, 1912.

Consumer Banks

These banks have exclusively been set up to provide loan for purchasing durable consumer goods such as car, washing machine, refrigerator, furniture, etc. These banks give their consumers the leverage to repay loans in easy instalments. These are mostly found in first world countries.

Industrial Banks

Also known by the name Development Banks, these banks are established to aid the industrial sector. These banks accept cash by issuing shares and debentures. They provide long-term loan to the industries to help them expand and develop. Many such banks have been established in the country post independence.

Exchange Banks

These banks are particularly engaged in financing foreign trade. Some of the main functions of these banks include discounting foreign bills, purchasing and selling silver and gold and providing assistance in carrying out export and import trade.

Banks are established to ease the financial issues of the general public as well as the country as a whole. Different types of banks serve different purposes and have been set up to cater to the needs of various classes.

Money essay, music essay, importance of education essay, education essay, newspaper essay, my hobby essay.

Essay on Bank in English for Children and Students

Table of Contents

Fill Out the Form for Expert Academic Guidance!

Please indicate your interest Live Classes Books Test Series Self Learning

Verify OTP Code (required)

I agree to the terms and conditions and privacy policy .

Fill complete details

Target Exam ---

Long and Short Essay on Bank in English

Here are essay on Bank in English of varied lengths to help you with the topic whenever you required.

After going through these Bank essay, your knowledge about banks, their functioning and their usefulness will enhance and you will emerge as a knowledgeable person.

These essays will prove useful in your school or college assignments, especially for students of commerce or banking.

You can select any bank essay of your choice given below:

Bank Essay 1 (200 words)

Bank Essay 2 (300 words)

Introduction

History of Banks

History of Banks in India

There are numerous types of banks in every country to cater to the needs of different customers. They provide various services and aid in the growth of the country’s economy.

Bank Essay 3 (400 words)

Importance of Banks

Banks are important for the individuals as well as the development of the country’s economy. Here is why these institutions are of importance:

Provides Safety and Security

Money kept at home is not safe. It is prone to burglary. When you keep your money in the bank, it is the bank’s responsibility to safeguard it. You do not have to worry about its security.

Encourages Saving Habits

Eases Trade and Commerce

Promotes Agricultural Sector

Aids in Development of Industries

Provides Employment Opportunities

Banks provide loans for the growth and development of the agricultural and industrial sectors. As these sectors expand, a number of employment opportunities are created for the public.

Bank Essay 4 (500 words)

Functions of Banks

The functions of banks have broadly been classified into two categories. These are the primary functions and the secondary functions. Here is a look at these in detail:

Primary Functions

Primary functions are the main functions of the banks. These include accepting deposits and providing loans. Here is a brief look at these functions:

Accepting Deposits

These deposits are basically of four different types:

Current Deposits: This account is especially for the businessmen. These accounts offer facilities such as overdraft that are beneficial for the businesses. No interest is paid in this account.

Fixed Deposits: In a fixed deposit a considerable big amount is deposited in the account for a fixed period of time. The rate of interest is high in such deposits.

Recurring Deposits: A certain amount is deposited at regular intervals in such an account. The rate of interest is high. However, the amount cannot be withdrawn before a certain period.

Providing Loans

Here are the types of loans and advances offered by the banks:

Loans: Loans are offered for both short term and long term period. The rate of interest charged on the same varies based on the type and duration of loan. It can be repaid in instalments.

Cash Credits: The customers have the facility to take cash credit up to a certain amount which is fixed in advanced. A separate cash credit account needs to be maintained for this.

Overdraft: This facility is for businessmen. It is thus provided to the current account holders. They do not require maintaining a separate account to avail this facility.

Secondary Functions

Secondary functions, also known as non-banking functions, are of two types. These are agency functions and general utility functions. Here is a brief look at both these types of functions:

Agency Functions

General Utility Functions

Discounting of bill of exchange is another service provided under this.

Bank Essay 5 (600 words)

Types of Banks

Here are the various types of banks and their functions:

National Banks

Retail Banks

Saving Banks

Commercial Banks

Investment Banks

Land Mortgage Banks

Co-operative Banks

Consumer Banks

Industrial Banks

Exchange Banks

Essay Writing on Role of technology in Banking Sector – RBI Grade B 2023

Write an argrumentative essay on “Role of technology in the banking sector and its impact on customers” for RBI Grade B 2023

The banking sector has undergone a significant transformation in recent years, thanks to the role of technology. Technology has revolutionized the banking industry by making it more efficient, secure, and accessible. This essay argues that the role of technology in the banking sector has had a positive impact on customers.

One of the most significant impacts of technology in the banking sector is the convenience it offers to customers. Customers can now access their bank accounts and conduct transactions from the comfort of their homes or offices, thanks to online and mobile banking. This has eliminated the need for customers to visit their bank branches, which can be time-consuming and inconvenient. Customers can now transfer funds, pay bills, and access account information with ease.

Technology has also made banking transactions more secure. With the implementation of measures such as two-factor authentication and biometric identification, customers can be sure that their transactions are safe and secure. This has reduced the incidence of fraud and made it more difficult for cybercriminals to steal customer information.

The role of technology in the banking sector has also increased the speed and efficiency of transactions. Automated teller machines (ATMs) and online banking have reduced the time it takes for customers to access their funds and conduct transactions. Customers can now withdraw cash, deposit cheques, and transfer funds quickly and easily.

Another significant impact of technology on customers is the access it has provided to banking services. Technology has made it possible for banks to offer their services to customers who previously did not have access to banking services. This has had a positive impact on financial inclusion, especially in developing countries.

In conclusion, the role of technology in the banking sector has had a positive impact on customers. It has made banking more convenient, secure, and accessible. Technology has also increased the speed and efficiency of transactions and contributed to financial inclusion. However, it is important for banks to ensure that they maintain the privacy and security of their customers’ information to ensure that technology continues to have a positive impact on customers.

Writing a Proper Essay on Cyber-Security in Banking Sector

The banking industry is very important for all people who deal with money. Banking systems throughout the globe regulate the monetary stability in a concrete country. Great unions regulate huge regions. Once a bank crashes, a country may live through a default, which means economic catastrophe. As the result, it involves other spheres and destabilizes normal life in general. One of the reasons that lead to problems is poor cybersecurity . This article concentrates on 6 good ways that help to improve cybersecurity in the banking sector.

Nowadays, cyber-attacks have increased many a time. This is a huge threat to every citizen of the Earth because privacy is violated. The threat becomes even more troublesome and dangerous when it involves cyber-attacks on banks. If you want to write an essay on the topic, but if seems too complicated for you, you can address professionals. Simply type write my essay for me by EssayHub in the search bar and find your essay helper!

Cybercriminals get directly into the pockets of citizens. This becomes possible due to multiple attacks of hackers on banks. The banking sector is of huge importance for the stability of people’s well-being. A hacker attack, which ruins the banking industry, leads to a dangerous destabilization of the economy of the country. Accordingly, it triggers lots of factors that affect other spheres of human activity. Such danger negatively affects business, education, culture, and so on. Attacks from hackers in the banking sector must be prevented and stopped. There are six measures, which can help to overcome this threatening situation.

1. The threat should be taken seriously.

Some banks strongly believe that they will never be robbed thanks to dependable safeguards and firewalls. They think that they are simply invisible. This makes them less cautious and actually irresponsible. They understand that their protective measures are weak when it’s too late. A solution is to fully realize all threats and accept the possibility of being attacked. Afterward, banks should implement new equipment to prevent dangers. No matter how good the equipment is, it should be constantly improved to stop new attempts, which become better each time.

2. Good analysis is required.

Banking protection systems compile data on various issues. This gives an opportunity to enhance every point to ensure safety, as well as other branches. One may simply say “Here is a problem and I have information about how to fix and improve it”. Unfortunately, tons of information isn’t analyzed properly. Regulators commonly don’t collect security data. As the result, there is no possibility to define the potential threats. It’s needed to change this function and gather all possible data. Thus, it will become much easier to foresee possible cyber assault.

3. All third-parties vendors must be verified.

They commonly give data on technology services. Nonetheless, the practice shows that they may open this data to other people, which sufficiently increases the risks. Other people may turn it to their advantage and steal money. Currently, this is a critical issue because there is no permission to verify third parties. The government should realize the risks and allow checking distributors of information in order to secure their own safety. Thus, the safety of banks will be enhanced as well.

4. Secure mobile operations.

Today, people actively use their cell phones for greater speed and comfort. It goes beyond all doubts that mobile banking is among them. Banks support this kind of access. People don’t have to stand in long queues while their turn comes. Banks thrive as well because they can make much more operations, which results in their prosperity at a great tempo. In the meanwhile, they don’t give enough heed to the security of mobile banking. It also requires modern equipment and advanced safeguards. Otherwise, clients become vulnerable to hacker attacks. Besides, banks are under a threat too.

5. Regulators should hire more IT specialists.

Currently, small and medium-sized banks aren’t protected properly. Commonly, they are considered to be units that are at low risk of attacks. IT specialists only make general analyses. This is a fatal mistake. Such banks are attacked on a constant basis. This inevitably leads to problems with bigger institutions. They become weaker. Banks should involve more experts to dig deeper into the slightest details.

6. The information on threats is supposed to be shared faster and with all the details.

People share information about potential hazards, but this process is way too slow and lacks details, which are crucial on such occasions. Once there appears suspicion, banks or clients don’t always have an immediate possibility to report the case. Sometimes, banks simply hide this data because they are afraid that their reputation will be shaken off. It’s much better to allow clients to share this vital information. This helps to prevent thousands of attacks annually.

The matter of banking security is important and it should be ensured in all possible ways and at any cost. There are at least six available variants. Unfortunately, some of them are disallowed. For example, banks hide or don’t compile data on cyber threats or the government doesn’t allow verifying third parties. Once these issues are solved, the danger of cyber-attacks will be significantly decreased”.

References:

Anand, Priya. “6 ways the banking industry could improve on cybersecurity”. Marketwatch.com, https://www.marketwatch.com/story/6-ways-the-banking-industry-could-improve-on-cybersecurity-2015-07-02. 2015, 2 July.
“How the Banking Industry is Fighting Cyber Crime”. Careersincybersecurity.com, https://careersincybersecurity.com/banking-industry-fighting-cyber-crime/. 2019
Barnes, Samantha “HOW WILL BANKS ADDRESS GAPS IN CYBERSECURITY?” Internationalbanker.com, https://internationalbanker.com/technology/2017-will-banks-address-gaps-cybersecurity/. 2017, March 2.

1 thought on “Writing a Proper Essay on Cyber-Security in Banking Sector”

Essay on My Aim of Life to Become a Bank Manager

Students are often asked to write an essay on My Aim of Life to Become a Bank Manager in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on My Aim of Life to Become a Bank Manager

Introduction.

My aim in life is to become a Bank Manager. This ambition was inspired by my fascination with the banking sector’s role in our economy.

Why a Bank Manager?

A Bank Manager’s position is one of responsibility and respect. They ensure the bank’s smooth operation, help customers with their financial needs, and contribute to the economic development of the community.

Path to Achieve My Aim

To achieve my goal, I am focusing on my studies, especially in mathematics and economics. I plan to pursue a degree in finance or business administration, followed by a career in banking.

Being a Bank Manager will allow me to make a difference in people’s lives while fulfilling my passion for finance and economics.

250 Words Essay on My Aim of Life to Become a Bank Manager

The purpose of life varies from person to person, based on their upbringing, environment, and personal aspirations. My aim in life is to become a bank manager, a goal that is driven by my interest in finance and my desire to make a significant impact in the banking industry.

The banking sector is the backbone of a country’s economy, and the role of a bank manager is crucial in ensuring the smooth functioning of this sector. The bank manager’s role combines both strategic decision-making and operational management, which I find incredibly appealing. Their ability to shape the financial health of individuals and businesses alike is what motivates me.

The Path to Achievement

Becoming a bank manager requires a combination of academic knowledge and practical experience. I plan to pursue a degree in finance or business administration, followed by a master’s degree in a related field. This will provide me with the theoretical foundation necessary for this role. Simultaneously, internships and part-time jobs in a banking environment will offer the practical exposure I need.

Impact and Contribution

As a bank manager, I aim to implement innovative financial solutions to cater to diverse customer needs. I also aspire to contribute to financial literacy programs, ensuring that banking services are accessible and understandable to all.

In conclusion, my aim in life to become a bank manager is not just a career goal, but a commitment to contribute positively to society. The journey is challenging, yet the potential impact makes it a worthy pursuit. I am prepared to invest my time and effort to achieve this goal, and I am confident that I will succeed.

500 Words Essay on My Aim of Life to Become a Bank Manager

Life is a journey filled with opportunities and choices that shape our destiny. The aim of life varies from person to person, depending on their dreams, aspirations, and the values they uphold. My aim in life is to become a Bank Manager, a position that not only offers professional growth but also provides a chance to play a significant role in the economic development of the society.

The banking sector has always intrigued me with its dynamic nature and the myriad of opportunities it presents. The role of a Bank Manager is a challenging one, where one has to balance between maintaining customer relationships, managing the operations of the bank, and ensuring the bank’s profitability. I am drawn towards this profession because it demands a blend of analytical skills, strategic thinking, and leadership qualities, all of which I aspire to develop.

The Path to Becoming a Bank Manager

The journey to becoming a Bank Manager is demanding, requiring not only academic qualifications but also practical experience and a certain set of skills. A degree in finance, business administration, or a related field is typically the first step. However, the theoretical knowledge gained from these courses needs to be complemented with real-world experience.

Internships and entry-level positions in banks provide valuable exposure to the banking environment and its operations. Such experiences help in understanding the intricacies of the banking sector and the role a Bank Manager plays in this ecosystem. Further, pursuing professional certifications and attending industry seminars can enhance one’s knowledge and skills, making them a suitable candidate for the role of a Bank Manager.

Skills Required

A Bank Manager should possess a unique set of skills. Strong analytical skills are essential to understand and interpret financial data. Leadership qualities are necessary to manage the team efficiently and to drive them towards achieving the bank’s goals. Interpersonal and communication skills are vital for maintaining healthy relationships with customers and colleagues. Problem-solving skills are also crucial as a Bank Manager often needs to make decisions that can impact the bank’s operations or its customers.

The Role of a Bank Manager in Society

A Bank Manager plays a pivotal role in society. They not only ensure the smooth functioning of the bank but also contribute to the economic development of the community. By approving loans for businesses and individuals, they aid in the creation of jobs and spur economic growth. Furthermore, by promoting financial literacy among customers, they play a part in creating a financially aware and empowered society.

In conclusion, my aim in life to become a Bank Manager is driven by my fascination for the banking sector, the challenging nature of the job, and the opportunity to contribute to society. It is a path that demands continuous learning, resilience, and dedication. However, I believe that with passion and perseverance, I will be able to achieve this aim and make a meaningful contribution to the banking sector and society at large.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Essay on My Aim of Life to Become a Police Officer
Essay on My Aim of Life to Become an IAS Officer
Essay on My Aim in Life

Apart from these, you can look at all the essays by clicking here .

Happy studying!

Goods and Services Tax (gst) in The Banking Sector

Categories: Banking Taxation

About this sample

Words: 468 |

Published: Dec 18, 2018

Words: 468 | Page: 1 | 3 min read

Cite this Essay

Let us write you an essay from scratch

450+ experts on 30 subjects ready to help
Custom essay delivered in as few as 3 hours

Get high-quality help

Verified writer

Expert in: Economics

+ 120 experts online

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

Related Essays

2 pages / 1025 words

3 pages / 1371 words

3 pages / 1585 words

5 pages / 2237 words

Remember! This is just a sample.

You can get your custom paper by one of our expert writers.

121 writers online

Still can’t find what you need?

Browse our vast selection of original essay samples, each expertly formatted and styled

Related Essays on Banking

Throughout history, wars have been fought for a variety of reasons. From territorial disputes to ideological conflicts, the motivations for war are complex, multifaceted, and often contentious. However, there is a growing body [...]

The World Bank is dedicated to reducing global poverty and promoting shared prosperity in developing nations. As someone who was raised in a lower middle-class family in India, I have personally witnessed various [...]

According to scholars, a financial crisis is an expansive variety of situations in that some if not all of the available financial assets abruptly drop a large part of their original value(Martin and Milas, pp.443-459). Notably, [...]

Lucy Edwards, a former Bank of New York vice president, and her husband Peter Berlin was accused to the biggest cases of money laundering. The couple was admitted to the United states District in Manhattan after about 18 months [...]

The Fair and Accurate Credit Transactions Act ("FACTA") is an amendment to the Fair Credit Reporting Act ("FCRA") that was added in 2003 protect people from the threats of identity theft. FACTA created guidelines that determine [...]

Modern commercial banks perform a variety of functions. They keep the wheels of commerce, trade and industry always revolving. Major functions of a commercial bank are: Primary or Banking functions Secondary or [...]

Get Your Personalized Essay in 3 Hours or Less!

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

Instructions Followed To The Letter
Deadlines Met At Every Stage
Unique And Plagiarism Free

Bank Essay In English - 1900 in words

Banks are financial institutions that deal in monetary transactions. Banks are an integral part of any society. There are many banks located in different parts of our country. Although earlier India had a limited number of banks with few branches in major cities and towns, in the last few decades many new banks have opened branches in every nook and corner of the country.

Long and Short Essay on Bank in English

Essay 1 (300 words).

The banking system has been in place for centuries. This system is prevalent in India as well as in other parts of the world. The services and functions being provided have increased with the passage of time.

history of banks

Banking service was introduced in some parts of Italy in the 14th century. It was introduced on the lines of the concept of lending and borrowing among the people since the ancient era. In ancient times, merchants gave grain loans to banias and farmers. This was called the barter system. With the passage of time the system of depositing money and lending money went on evolving.

The Fagers, the Medicis, the Birenbergs, the Rothschilds are among the banking dynasties known to play a central role in the history of banking. They have ruled the region for centuries. Some modern banking services, such as the issuance of banknotes and reserve banking, began in the 17th century. The Bank of England and the Royal Bank of Scotland are some of the oldest banks in the world.

History of Banks in India

The banking system in India dates back to the Vedic civilization. In that era loans were given to the needy. In that period the loan was known as debenture or debenture.

In earlier times, big traders and landlords used to give money to small traders and farmers on interest. This culture is still prevalent in some villages of the country. Those who were unable to pay the amount, their land or other valuable property was confiscated, as banks do these days.

Bank of Hindustan was the first bank established in India. It was opened in Calcutta in 1770. Bank of Bombay, Bank of Calcutta and Bank of Madras were established in the early 19th century.

There are many types of banks in every country to meet the needs of different customers. They help in the development of various services and the economy of the country.

Essay 2 (400 words)

A bank is an institution that collects money from the public and provides funds to individuals as well as firms. These are the primary functions of a bank but not the only one. They also provide many other services to their clients such as locker facility, transfer of funds, issuance of drafts and portfolio management etc.

importance of banks

Banks are important for the individuals as well as for the development of the country's economy. This is the reason why these institutions have the following importance:

Provides relief and protection from fear

Money kept at home is not safe. There is a fear of it being stolen. When you keep your money in a bank, it is the bank's responsibility to protect it. You don't have to worry about its security.

encourages savings habits

Banks offer various schemes from time to time so as to encourage savings habits among the people. The money deposited in the bank is not only safe but also grows. You have the option to withdraw it at any time.

enhances trade and commerce

Banks promote business in the country by providing loans and advances to traders. It eases the process of trade between different countries. They provide the option of transacting money in a simple manner to make the process easier. It is easy to send and receive funds anywhere in the advanced banking system.

promotes agriculture

The agricultural sector is an important part of the economy. There are specialized banks which provide loans to farmers at low interest to promote agricultural activities. Thus, banks provide assistance in promoting the agriculture sector.

helps in the development of industries

Banks accept money from individuals and businesses and give loans to industries. Thus they help in the development of various industries in this way. The loan can be repaid in easy installments.

provides employment opportunities

You might also like:

A Friend in Need is a Friend Indeed Essay
Acid Rain Essay
Adult Education Essay
Essay On Adventure

Banks provide loans for the development and progress of agricultural and industrial sectors. As these sectors expand, there are opportunities for public employment.

Banks are an important part of any country. Modern banking services have helped to ease the process of trade, development of industries and other activities which help in the growth of the country's economy. Banks and other financial institutions that promote the growth of businesses and protect the wealth and other valuable assets of individuals certainly play an integral role in the development of a country's economy.

Essay 3 (500 words)

Banks play an important role in maintaining financial stability in the country. They offer a range of services to help you manage your finances better. These institutions are an important part of the society.

functions of banks

The functions of banks are broadly classified into two categories. These are primary functions and secondary functions. Here is detailed information on these:

primary task

Primary functions are the main functions of banks. These include accepting money and providing loans. Here is a brief rundown of these functions:

accept money

These accounts are basically of four different types:

Savings Accounts: These accounts encourage the public to save money. Money can be easily withdrawn from these and deposited in savings account without any restrictions. The interest rate in these accounts is quite low.

Current Accounts: This account is exclusively for businessmen. These accounts provide facilities like overdraft which are beneficial for businesses. No interest is paid in this account.

Term Account: A fixed amount of money is deposited in a term account for a fixed period. The interest rate on such deposits is high.

Recurring Account: A fixed amount is deposited in such account at regular intervals. The interest rate is high. However, the amount cannot be withdrawn before a certain period.

Here are the types of loans and lending given by banks:

Loan: Loan is given for both short term and long term. The rate of interest charged on the fee varies with the type of loan and the base. It can be repaid in installments.

Cash Credit: Customers have the facility to take cash of a fixed amount which is fixed in the money limit. For this a separate cash credit account should be maintained.

Overdraft: This facility is for merchants. This is how it is provided to the current account holders. They are not required to maintain separate accounts to avail this facility.

secondary work

Secondary functions also known as non-banking functions are of two types. These are agency functions and general utility functions. Here's a brief look at both of these types of functions:

agency functions

The bank also acts as an agent for its customers. Many agency functions are carried out by this institution. It includes collection of cheques, periodic payments, portfolio management, periodic collection and transfer of funds. Banks also act as executors, administrators, advisors and trustees for their customers. They also help their clients deal with other institutions.

common utility function

Banks also perform general utility functions which include locker facility, accounting of shares, dealing in foreign exchange, issuance of letters of credit and drafts, preparation of project reports, public welfare campaigns and undertaking social welfare programs such as adult literacy programmes. Huh.

Another service provided under this is the exemption of bill of exchange.

Although initially the functions of banks were only involved in depositing money and providing loans. They have now provided many other services as well. All these features are aimed at helping customers with their finances.

Air Pollution Essay
Animals Essay
Abdul Kalam Essay
Bal Swachhta Abhiyan Essay

Essay 4 (600 words)

Banks are financial institutions that lend money to the general public and accept their money for deposit. Banks maintain the flow of money in the country and partners are also important for the economic development of the country. There are different types of banks that provide different types of services to individuals as well as businesses.

types of banks

Here are the different types of banks and their functions:

National Bank

Apart from this name, these banks are also known as central or federal banks. These banks manage the financial system of the government. These not-for-profit institutions serve as bankers to other banks. Every country has a central bank. Some of the functions of national banks include monitoring foreign exchange, controlling the country's currency, and issuing paper currency. They do not deal with the general public.

retail bank

This is the most common type of banks. These are generally set up to focus on the needs of the general public. These banks open savings accounts, provide credit cards, provide loans and provide locker facility among other services.

Savings Bank

These are specially established to inculcate the habit of saving money among the people. Deposited money from customers in these banks is converted into securities and bonds. These were established in European countries back in the 18th century. Apart from this, these banks also provide many other services by accepting deposits of the people.

commercial bank

The main objective of these banks is to help the business class. They provide loans to traders and also provide them other services which are useful for business men. Some of these services include bill of exchange, overdraft and check collection.

Investment Bank

These banks have also been set up to help businesses. With the help of these banks, traders have established strength in the financial markets. Investment banks provide facilities to businessmen who need to sell loans to investors or want to receive money from the public for their business.

Land Mortgage /Land Mortgage Bank

These are also known as agricultural banks or land development banks. Mainly it has been set up to help the agriculture sector by funding it. These banks also play an important role in land development. The reason why banks fall into this special category is that there is a lot of risk involved in financing the agriculture sector and commercial banks supporting other businesses are not ready to take such risks.

Co-operative / Co-operative Bank

Co-operative/co-operative banks provide loans to small farmers, small businesses and salaried people. They provide commercial and retail services to the people. These banks are registered under the Co-operative Societies Act, 1912.

consumer bank

These banks are specially set up to provide loans for purchasing durable consumer goods such as cars, washing machines, refrigerators, furniture etc. These banks pass on the advantage of easily repaying the loan in installments to their customers. These are mostly found in other countries.

Industrial Bank

They are also known as Development Banks. These banks have been established to help the industrial sector. These banks accept cash money by issuing shares and debentures. These banks provide long-term loans to industries to help them expand and grow. After independence, many such banks have been established in the country.

Exchange/Exchange Bank

These banks exclusively deal with the financing of foreign trade. Some of the main functions of these banks include discounting of foreign bills, sale and purchase of silver and gold and assistance in carrying out export and import business.

Banks are established to ease the financial issues of the general public as well as the entire country. Different types of banks serve different purposes and have been set up to meet the needs of different classes.

Beti Bachao Beti Padhao Essay
Bio-Diversity Essay
Black Money Essay
Cashless India Essay

Bank Essay In English

EssayBanyan.com – Collections of Essay for Students of all Class in English

Essay on Bank

All of us have seen a bank and most probably have also visited them. But very few of us know about their types and all of their functions. I have brought these essays containing all the details about a bank and will also help you in wiring your essays.

Short and Long Essays on Bank in English

Essay on Bank for students of class 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and class 12 in English in 100, 150, 200, 250, 300, 500 words. Also find short Bank essay 10 lines.

Bank Essay 10 Lines (100 – 150 Words)

1) Banks are the place where people keep their money.

2) Works related to money like loans, transactions, etc are done in banks.

3) In 16 th to 19 th centuries, modern banks came into existence.

4) Banks keep our money, ornaments, important papers, etc safe.

5) The loan facility of banks provides great help to the people.

6) There are many government and private banks in India.

7) In India all the banks are controlled and managed by the Reserve Bank of India (RBI).

8) Banking sector employs a huge population.

9) The first bank of India was the Bank of Calcutta which was later named as State Bank of India.

10) Today internet and technology have made banking easier.

Essay 1 (250 Words) – Bank

Introduction

Banks are the places where we keep our money or do all our money-related work. Either it is getting a loan or something else. This type of place has been addressed as a bank. Although the word has various meanings, all of them mean the same. It is a place where you feel relaxed. When we are in pressure or have to solve some money-related problems we visit a bank.

How Banks Came into Existence

The existence of a bank was seen for the first time in Mesopotamia in 8000 BC. The evidence of bank and temples were seen in this civilization. These banks were not made for lending money because the money came afterword. These banks were made for lending seeds and agricultural stuff. They also used to keep records of trading.

Modern banking came into existence between the 17th to 19th centuries. It is said that Goldsmiths were the first bankers and they use to lend money to people and people use to keep their valuable things near goldsmiths.

The first-ever bank which offered bank noted was the Bank of England. It further developed and today we have well-established banks. We also have ATMs and Credit cards, etc. All these things have made banking easy.

Everything established in this world slowly. Either it was a man or a bank. Things develop and progress as per time. Today things seem so simple to us but they were not so simple and easy years before. A bank is one of the best examples which show development and change in society.

Essay 2 (400 Words) – Bank and Its Importance

Banks are denoted as one of the most important pillars of our economy. People keep their savings in these banks and this helps our nation to progress. Banks help people in various ways; they lend money for different work. Like if you have to buy a house, a car, even a laptop, banks give us money on certain interests and we can easily pay it in different instalments. Apart from this, there are many more uses of a bank.

Importance of Banks

Banks are important and useful in many ways and I have mentioned some of the most important uses below;

Provides Safety

We feel safe when we keep our money in a bank. Not only money people also keep other valuable things in banks like ornaments, important papers, etc. They provide overall security and many of our parents really feel thankful that they can safely keep their money somewhere. It will be not wrong if I say that we sleep peacefully because we have banks to protect us.

Saves our Money

It is a human tendency that if we have money in our pocket, we will definitely spend it. Whereas if they are in a bank, we feel a bit lazy to use and also banks provide interesting profits and sometimes they also double your money in some schemes. This saves our money and we develop a good bank balance.

Develops Employment

There are more than thousands of employees working in a particular bank and there are 34 banks and all of them have more than 3 branches in a particular city. They are also available in villages, really one of the hottest sectors which provide employment. Many of us just love to be a part of a bank because it is a reputed job.

Provides Loan Facilities

It was a time when people use to help each other and families use to do everything for their near and dear ones. But time has changed how people live in nuclear families and they do not have many contacts. People in cities hail from different places as a result they won’t trust. Then who will help you financially, who will trust you and give you some money when you need it. It is a bank which provides loan and helps you financially.

Banks are important parts of our life and have become very necessary for us. We can’t imagine a society without a bank. We can’t trust others, but we can trust a bank and they are our true friends who never ditch us and also protect our money.

Essay 3 (500 – 600 Words) – Types of Banks

We go to school for education, we visit a temple for prayer similarly there is a place where we visit to solve our money-related problems. We save our money, valuable things and also get a loan. A one-stop solution for all types of money related problems. There are many banks in India and some of them are government whereas some of them are private. All of them do the same job and help people in different ways.

The First Bank

Banca Monte dei Paschi di Siena or Berenberg Bank holds the credit of the world’s oldest bank and it was established in the year 1624.

Whereas Bank of Calcutta was the first bank of India established in the year 1806. The name was further changed as Bank of Bengal and also today known as SBI.

Types of Banks:

Banks are of different types some help people in their agricultural problems whereas some help us in our day-to-day problems. I have defined them below;

Central Banks

Banks that are controlled by legislative bodies are central banks. It can be a central bank or reserve bank. We can also state them as the main bank which decides the interest rates as per inflation in the country. They are not only a bank but they also keep an eye on other banks and controls the overall money supply. They also take care of any kind of foreign exchange as well as government bonds. We can call them as the head of all banks.

Commercial Banks

A bank, that is, specially designed for the development of business. They provide loans and some business benefiting offers. They especially support middle to big size business.

Retail Banks

Another name of Retail bank is consumer bank; these banks provide all kinds of facilities to costumers. They won’t lend money to companies or other institutions. People save their money in these banks and they have their easy access to their accounts. They can take or deposit money whenever they want. They provide credit cards, debit cards, ATM facilities, etc to the customer.

Private Banks

Private Banks are also banks having people with personal profits. They provide all facilities like other retail banks just they are not authorized by government agencies. Although the government has an eye on every bank they have very few shares owned by government sectors.

Online Banks

Online banking or internet banking is one of the most convenient forms of banking. They are easily available where ever you want on your fingertips. It is also termed as virtual banking and is a branch of banking. Digital transactions are specially used in this mode of banking and it is most popular these days.

Savings Bank

That bank where we simply deposit our money and they provide us with some interest in our money is saving bank.

Regional Rural Bank

These banks are specially designed for people living in rural areas. They are commercial banks but they are operated at the regional level. They provide all kinds of financial facilities to people living in that area and work for their betterment.

Banks are the basic structures of our economy; they are very helpful in developing a nation. They secure our money and also invest that money in other sectors and generate new income. Really banks are very important and they also help normal people in developing a new business or even buying a house. They have multiple uses and they are available everywhere. We can easily find ATMs and have our money whenever needed.

FAQs: Frequently Asked Questions

Ans . There are 12 public sector banks in India after the merge of smaller banks into larger ones.

Ans . The State Bank of India is the largest public sector bank in India.

Ans . IndusInd Bank, originated in 1994, is the India’s first private bank.

Ans . The ICICI bank is now partnered with PhonePe for UPI transactions.

Ans . The first governor of Reserve Bank of India was Osborne Smith.

Ans . The ICICI bank has recently started the Whatsapp banking services.

Ans . The best bank in India is HDFC bank.

Essay on digital india, cashless india essay, essay on child is father of the man, essay on causes, effects and prevention of corona virus, essay on dr. sarvepalli radhakrishnan, durga puja essay, essay on summer vacation, essay on my plans for summer vacation, essay on holiday, leave a comment cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

IMAGES

(PDF) Essay on Banking Credit Management and Measurement
Banking English: English ESL worksheets pdf & doc
Working of Banking Sector in India: Present and Future Prospects
Essay on Bank
Internet banking security essay in 2021
Banking and finance sector 3rd q

VIDEO

Banking as a Service: How to launch, scale, and differentiate?
English strategy for banking exams 2023 #ibps #sbi #rrb #ibpsposcorecard #banking #bankexam
To do list for Banking Aspirants 2024
How Do Banks Work? (Part 2) Products, Functions & Customers
100% working strategy for ENGLISH FOR BANKING EXAMS| SURE SHOT IMPROVEMENT| #bankexams2024 #english
Descriptive Writing

COMMENTS

Essay on Bank for Students in English
500+ Words Essay on Bank. Banks are an integral part of the modern economy. They play a major role in the economic growth and development of a country. The idea of banking evolved with the idea of money. In India, public sector banks (PSBs) have been working to provide banking services in urban and rural areas since 1970.
Banking Industry Analysis
Three bankers, heads of the three great Central Banks. The subprime mortgage crisis was partly caused by poor policies. The Federal Reserve is responsible for ensuring stability of prices in the U.S. economy. A key question is why the U.S experienced a volatile market in which a stock market collapsed causing uncertainty in the economy and the ...
350 Banking Topic Ideas to Write about & Essay Samples
Traditional banking is characterized by the application of strict regulations, while modern banking is differentiated by the introduction of new laws that resulted in the deregulation of key aspects of the banking industry. We will write. a custom essay specifically for you by our professional experts.
How the Banking Sector Impacts Our Economy
The banking sector is vital to the U.S. and world economies. Its primary function is to safeguard depositors' assets and make loans to individuals and businesses. Banks are regulated by the ...
Essay on Banking
Essay on Banking. Better Essays. 2495 Words. 10 Pages. Open Document. Introduction A bank refers to a financial institution that accepts deposits and channels the money into lending activities (Lewis, 2009). Ethics refers to the principles of right and wrong that are accepted by an individual or a social group ( (Lewis, 2009).)
Banking Essays: Samples & Topics
Report on Bank's Credit Card Financial Plan. 11. Investigating Credit Card Fraud Detection. 12. Risk Taking of Commercial and Retail Bank. 13. Analysis Of United Overseas Bank In Terms Of Three Segments Of Banking. 14. Analysis Of Moody's Credit Rating Case Study. 15. AI Along With Machine Learning For Rural Population Across India. Show more
Essay on Banking
Essay on Banking. Banking is a very powerful instrument of social change. Banks are playing a crucial role in bridging the gap between the rich and the poor. In fact, banking is the backbone of the modern economy. It is difficult to visualize how trade, commerce or business can be conducted without an efficient banking system.
Essay on Banking Sector
Conclusion. The banking sector is very important for our daily life and the economy. It helps us save money, gives loans for growth, and keeps the economy stable. With the help of technology, banking is becoming easier and faster. But we also need to remember about the safety of our money. That's it!
The Banking Industry: Brief Analysis
This implies that there is a set limit of supply that the central bank cannot exceed without authority from the legislators. Conferring the powers to legislators complicates the matter because it takes more time to make such decisions. This essay, "The Banking Industry: Brief Analysis" is published exclusively on IvyPanda's free essay examples ...
Long and Short Essay on Bank in English for Children and Students
Bank Essay 2 (300 words) Introduction. Banking system has been in place since centuries. The system has been prevalent in India as well as other parts of the world. Only the services provided and the functions carried out have enhanced over the time. History of Banks.
Bank Essay for Students and Children in English
Long Essay On Bank 500 Words in English. Given below is an extended essay on Bank for aspirants of competitive exam and students belonging to classes 6,7,8,9, and 10. The Bank essay helps the students with their class assignments, comprehension tasks, and even for competitive examinations. A bank is a licensed monetary institution to make loans ...
Essay on Bank in English for Children and Students
Bank Essay 1 (200 words) The banking system that involves accepting deposits and lending money initiated centuries back in various parts of the world. The system improvised over the time and the banks these days offer various other facilities in addition to the basic depositing and lending of money.
Essay Writing on Role of technology in Banking Sector
March 3, 2023. Write an argrumentative essay on "Role of technology in the banking sector and its impact on customers" for RBI Grade B 2023. The banking sector has undergone a significant transformation in recent years, thanks to the role of technology. Technology has revolutionized the banking industry by making it more efficient, secure ...
Writing a Proper Essay on Cyber-Security in Banking Sector
Cybercriminals get directly into the pockets of citizens. This becomes possible due to multiple attacks of hackers on banks. The banking sector is of huge importance for the stability of people's well-being. A hacker attack, which ruins the banking industry, leads to a dangerous destabilization of the economy of the country.
PDF Essays on Banking
on banks' activities, and various forms of bank supervision. As a consequence, the functioning of the banking sector is as much driven by the design of banking regula-tion as by market forces. Due to banks' important role in the allocation of capital, 1. Historical Statistics of the United States: Colonial Times to 1970 Part I (1975 ...
Essays for Bank Exams: Check Tips, Preparation Strategy for Essay
Aspirants must keep in mind the following points while writing the essay during the mains exam. An eye-catching Title: Title of any essay is important. Title should be such that it drags the attention of the reader. In bank exams, the title along with the content also plays and important role.
Essay on Growth of Banking Sector in India
The banking sector in India has witnessed a paradigm shift over the past few decades. From being a heavily regulated industry, it has transformed into a liberalized, competitive, and technology-driven sector. This essay delves into the growth of the banking sector in India, its key drivers, and the challenges it faces. Evolution of the Banking ...
Banking In India Essay
Given below are two essays in English for students and children about the topic of 'Banking In India' in both long and short form. The first essay is a long essay on Banking In India of 400-500 words. This long essay about Banking In India is suitable for students of class 7, 8, 9 and 10, and also for competitive exam aspirants. The second ...
English for the Financial Sector
It covers a wide range of financial topics, including retail and investment banking, accounting, trade finance, and mergers and acquisitions. Key features. Develops students' speaking proficiency in a range of financial contexts. Practises professional communication skills such as negotiating, presenting, and writing emails and reports.
Essay on My Aim of Life to Become a Bank Manager
250 Words Essay on My Aim of Life to Become a Bank Manager Introduction. The purpose of life varies from person to person, based on their upbringing, environment, and personal aspirations. My aim in life is to become a bank manager, a goal that is driven by my interest in finance and my desire to make a significant impact in the banking industry.
Goods and Services Tax (gst) in The Banking Sector
For example, processing fee, depending on the lender was charged at 1-2% of the loan and this fee would attract a service tax of 15%, now this would rise to 18%. A marginal increase in the cost of borrowing is also applicable for home loans, auto loans and personal loans.
Bank Essay In English
Long and Short Essay on Bank in English Essay 1 (300 words) Preface. The banking system has been in place for centuries. This system is prevalent in India as well as in other parts of the world. ... The agricultural sector is an important part of the economy. There are specialized banks which provide loans to farmers at low interest to promote ...
Essay on Bank for all Class in 100 to 500 Words in English
Bank Essay 10 Lines (100 - 150 Words) 1) Banks are the place where people keep their money. 2) Works related to money like loans, transactions, etc are done in banks. 3) In 16 th to 19 th centuries, modern banks came into existence. 4) Banks keep our money, ornaments, important papers, etc safe. 5) The loan facility of banks provides great ...

Essay on Bank

Meaning of Bank

Functions of Bank

How Important are Banks for Development?

Leave a Comment Cancel reply

Register with BYJU'S & Download Free PDFs

What Is the Banking Sector?

How the Banking Sector Impacts Our Economy

Key Takeaways

Why Are Banks Called Banks?

What Are the Different Types of Banks?

How Many Banks Are There In the United States?

Essay Samples on Banking

The Ascent of Money: Is Money the Root of All Evil

Benefits And Risks Of Off-balance-sheet In Banking

How IMF and World Bank Improve the Globalization

Analysis of the Various Credit Card Fraud Detection Techniques

Delta Airlines – Cash Flow and Cash Management

The Importance of Cash Management for Business

Comparison of Islamic Finance and Venture Capital

Depiction of Highs and Lows of the Wall Street in Great Gatsby

Report on Bank's Credit Card Financial Plan

Investigating Credit Card Fraud Detection

Risk Taking of Commercial and Retail Bank

Analysis Of United Overseas Bank In Terms Of Three Segments Of Banking

Analysis Of Moody's Credit Rating Case Study

AI Along With Machine Learning For Rural Population Across India

Assessing Bank's Proposal From Ethics And Regulation Perspective

Banking Industry In Australia And Sustainability Reporting

User Perception Of Mobile Banking Adoption: An Integrated TTF-UTAUT Model

Case Analysis for Bank of America

Lagos State Biobanking Background And Precedence Activity

Diversity Of Global Agent Banking Models And Its Applicability

Millennials And The Finance And Banking Industries

Priority Sector Lending In India

The Role Of Banking Institutions In Any Economy

Interesting Information About Banking And Financial Fraud

Essay on Banking

Related Posts:

The Banking Industry: Brief Analysis Essay

Essay on Bank

Long and Short Essay on Bank in English

Bank Essay 1 (200 words)

Bank Essay 2 (300 words)

Bank Essay 3 (400 words)

Bank Essay 4 (500 words)

Bank Essay 5 (600 words)

Related Posts

Essay on Bank in English for Children and Students

Long and Short Essay on Bank in English

Bank Essay 1 (200 words)

Bank Essay 2 (300 words)

Bank Essay 3 (400 words)

Bank Essay 4 (500 words)

Bank Essay 5 (600 words)

Related content

Essay Writing on Role of technology in Banking Sector – RBI Grade B 2023

Writing a Proper Essay on Cyber-Security in Banking Sector

1. The threat should be taken seriously.

2. Good analysis is required.

3. All third-parties vendors must be verified.

4. Secure mobile operations.

5. Regulators should hire more IT specialists.

6. The information on threats is supposed to be shared faster and with all the details.

1 thought on “Writing a Proper Essay on Cyber-Security in Banking Sector”

Essay on My Aim of Life to Become a Bank Manager

100 Words Essay on My Aim of Life to Become a Bank Manager

Why a Bank Manager?

Path to Achieve My Aim

250 Words Essay on My Aim of Life to Become a Bank Manager

The Path to Achievement

Impact and Contribution

500 Words Essay on My Aim of Life to Become a Bank Manager

The Path to Becoming a Bank Manager

Skills Required

The Role of a Bank Manager in Society

Leave a Reply Cancel reply

Goods and Services Tax (gst) in The Banking Sector

Cite this Essay

Related Essays