Question

5 difference between retail and chain banking

Answer 1

Answer:

Retail banking, also known as consumer banking, is the typical mass-market banking in which individual customers use local branches of larger commercial banks. Services offered include savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).

Chain Banking is a form of banking when a small group of individuals control three or more banks which are independently chartered. Individuals secure enough stocks to get the controlling interest in the banking corporations involved.

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