Today, the Banking and Finance sector has become more diverse than ever. The economic reforms and industrial developments are rapidly changing hands, finding their way through various banking and finance institutions for a number of reasons. It has become the center of all commercial activities and the basis of the business. The sector is engaged in a wide range of financial activities from traditional lending and deposit taking functions to corporate and investment banking.

The banking and finance sector serves numerous clients including institutions as well as individuals. The core activities can be divided into retail banking, dealing directly with individuals and small businesses; business banking, providing services to mid-market businesses; corporate banking, directed at large business entities; private banking, providing wealth management services to high net worth individuals and families; and investment banking, relating to activities on the financial markets. Most banks are private institutions run with the motive of making a profit. However, some are owned by the government and are non-profit organizations.