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What is a Bank? Definition, Functions, Types & Importance Explained

September 19, 2025 by Nipun Sonowal

What is a Bank? Definition, Functions, Types & Importance Explained A: When you hear the word bank, the first thought that comes to mind is probably money. But a bank is much more than just a place to deposit cash or withdraw it when needed. Banks form the backbone of every economy, acting as trusted … Read more

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