Tuesday, March 6, 2012

What is the differrence between banking & Finance?

I am preparing for syndicate bank interview...What is the differrence between banking %26amp; Finance?
Hi Pretty,



A bank is a financial institution licensed by a government.

Its primary activities include borrowing and lending money.

Many other financial activities were allowed over time.

where as

Finance is the science of money(capital) management.

The general areas of finance are business finance, personal finance,

and public finance.

Finance includes saving money and often includes lending money.

The field of finance deals with the concepts of time,

money and risk and how they are interrelated.

It also deals with how money is spent and budgeted.



you will get all information in wikipedia site the links are given below



http://en.wikipedia.org/wiki/Finance

http://en.wikipedia.org/wiki/Banking
Banking is one part of finance?

I believe that banking is the storing and accruing of monies, whereas financing are things such as loans and mortgages, and the like. Just a semi-educated guess though. I wonder what made you ask that question (just curious

Finance is generally related to all types of financial, this could be accounting, insurances, policies. Whereas banking is everything that happens in a bank only.What is the differrence between banking %26amp; Finance?
Banking is "engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc." wordnetweb.princeton.edu/perl/webwn



Finance is "S: (n) finance (the commercial activity of providing funds and capital)

S: (n) finance (the branch of economics that studies the management of money and other assets)

S: (n) finance (the management of money and credit and banking and investments)" http://wordnetweb.princeton.edu/perl/web鈥?/a>
banking relates to activites related to a banks viz., generating funds, lending loans, foreign exchange etc., and all the related functions.



financing, related to matters related to finance handling viz., raising capital for projects / purpose, investing it in appropriate areas, gaining profits etc.,What is the differrence between banking %26amp; Finance?
FIRST ANSWER MY QUESTION

http://in.answers.yahoo.com/question/ind鈥?/a>

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