what are the different departments of a bank and their functions?

Banks typically have several key departments, including:

1. Retail Banking: This department serves individual customers, offering services like savings accounts, loans, and mortgages.
2. Corporate Banking: Focused on businesses, this department provides services such as commercial loans, treasury management, and investment banking.
3. Investment Banking: It assists companies in raising capital, Mergers and Acquisitions, and financial advisory services.
4. Risk Management: This department assesses and mitigates risks associated with lending, investment, and regulatory compliance.

Each department plays a crucial role in the overall functioning and profitability of the bank.