Question

What is retail banking and corporate banking?

Answer 1

Retail banking, also known as consumer banking, is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.

Answer 2

♥ Retail banking :- It refers to the offering of banking services to retail customers instead of institutional customers , such as companies , corporations and financial institutions .

♥ Corporate banking :- It is the tailor-made financial services that financial institutions offer to corporations in the context of corporate financing and raise capital .

Hope it helps ✌

Shreya ❤