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Banking is no longer restricted to the traditional aspects, which it was recognised within the earlier days. Today, a bank is no longer just a place to put your savings or to make loans; it has become more of an all-encompassing body.
With the advent of investment banking, globalisation and the natural cash flow in the economy, the banks received a face-lift and started getting involved in the business spheres.
Today, there are many nationalised as well as private banks, offering a host of services to companies, the government, as well as private individuals. Banking as a sector, branches out into Investment Banking, Private Banking, Retail Banking and many more.