Banking refers to the system or industry involved in the management of financial transactions and services that include accepting deposits, lending money, and providing various financial products. It encompasses a wide range of activities conducted by financial institutions, such as commercial banks, savings banks, credit unions, and investment banks. Banking services typically include personal and business accounts, loans, mortgages, payment services, investments, and wealth management. The primary functions of banking include safeguarding deposits, facilitating payments, providing credit and loans to individuals and businesses, and contributing to the monetary policy of a country by controlling the supply of money. Overall, banking plays a crucial role in the economy by serving as an intermediary between savers and borrowers, thus promoting financial stability and economic growth.
Japan Post Bank plans a significant share sale to reduce state ownership below 50%, aiming for operational freedom like private banks. The upcoming 600 billion yen stock offering in March…