Question

Example of retail banks and corporate banks in and outside india

Answer 1

We can define retail banking as doing banking business with individual or small enterprises.

Liability: current and savings account, fixed and recurring deposits account, corporate salary accounts

Asset: Home loan credit card, (personal, auto consumer loans) crop loan to agriculture

Retail: safe deposit lockers, depository service, bancassurance product etc,

Wholesale Banking:

Wholesale banking refers to doing business with industrial houses and business entities.

Fund based: Term lending, short term lending, working capital etc,

Non fund based: Bank guarantees, LC, Collection of bills and documents

Value added service: cash management, channel financing, Vendor financing etc,

Net based service: payment gateway services, supply chain management

International banking:

Export packing credit, export bills discounting, suppliers credit, issuance of letter of credits, EEFC Account service, inward and outward remittances

Universal Banking:

Universalbanking means offering all types of financial products in one roof.

Example : Tradition Banking, bancassurance, Mutual Funds, sale of gold coins/bars, sale of government bonds, providing advisory services etc,