Define Retail Banking? Explain Product and services-its business and
composition.
Answers
Answered by
2
Answer:
Retail banking offers bank accounts and basic financial services to individual consumers. These services can include checking and savings accounts, loans, credit cards, cash deposits, withdrawals, and more. Retail banks make money by loaning your deposited funds out with interest and charging you various account fees.
Answered by
0
Answer:
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.
Similar questions