The primary activity of banking involves lending and borrowing of money. The banking segment is indispensable to most of the businesses. Earlier, banking was limited to the transactions with business firms only. Now the service is accessible to all and sundry. Today’s banking encompasses a multitude of services like accepting money, collecting cheques, paying for cheques, issuing loans etc. Automated Teller Machines of banks allow the customers to make several transactions at the electronic terminals. Online banking further simplifies the process and enables transactions to be done using the computer. The financial roles of banks differ from country to country. Special license is required for the banking operations and the activities are governed based on its policy of rights and obligations towards the customers.