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The Banking industry provides financial service by offering its wide range of products. Through banks people can save their money in any one of the accounts offered by the banks like savings or current etc. Business banking or corporate banking arenas have expanded so far, that it is practically very easy to get a loan for the business. Financing of various types of loans is done by banks such as personal loans like home improvement loan, secured & unsecured loans, interest free loans, business loans etc. The banking act, which gives the regulations, guides the operations of the banks. Along with the banks, financial institutions also provide same kind of professional services. Offshore banking helps to open an account in another country, which helps in expansion of the business. Also due to the advancement of the technology, online banking is possible where the customer can check their account through the Internet, without having to come down to the branch. Merchant banking activities consist of investments in equity securities, which are dealing mostly in international finance, long-term loans to companies, and underwriting. Merchant banks do not provide normal banking services to the general public. Investment banking deals with the mergers, acquisitions, raising capital for its corporate clients etc.
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