He was educated at the schools of his native town, and afterward at the universities of Budapest, Vienna, Berlin, Göttingen, and Leipsic, and then went to Paris and London to finish his studies.
Gál, Veszprém, Hungary. Bánóczi also occupied various positions in the Jewish community. Bánóczi, together with Bernát Alexander, edited the Filozofiai Írók Tára.
He also edited Erdélyi"s philosophical writings (1885), and the works of Károly Kisfaludy, 6 volumes, 1893.
He was a contributor to the Philosophische Monatshefte and many Hungarian literary magazines, and puoblished papers in the programs of the Normal School for Teachers.
Hungarian Academy of Sciences]
Bánóczi became in 1878 privat-docent of philosophy at the University of Budapest, in 1879 member of the Hungarian Academy of Sciences, and in 1892 member of the Landesschulrath (royal board of education). In 1896 he was secretary of the Hungarian Society for the Promotion of Jewish Literature, and in 1897 member of the Delegation of Hungarian Jews.