Banks act as financial intermediaries between savers (those with excess capital) and borrowers (those who need funds).
: Acting as agents for customers to collect checks, manage portfolios, or provide safety locker facilities. 2. Primary Types of Banking Institutions Different institutions cater to specific market segments: 8 Major Types of Financial Institutions and Banks - BILL financial*bank
: Issuing personal, business, and mortgage loans, as well as providing overdraft facilities. Banks act as financial intermediaries between savers (those