A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries.
Banks are institutuions that take care of the money of individuals and corporates. Banks pay interest on the deposited money, provide loans to people for business or personal use. They also offer a wide range of services like exchange of foreign currency, giving advise related to investment and insurance and acting as trustees.