Question

write notes on Retail Banking Services ( for example:- take any bank ..icici..sbi..) & explain some points on it..​

Answer 1

Answer:

Services offered include savings and checking accounts, mortgages, personal loans, debit or credit cards, and certificates of deposit (CDs). Retail banks can be local community banks or the divisions of large commercial banks.

Retail banking provides financial services for individuals and families. The three most important functions are credit, deposit, and money management. First, retail banks offer consumers credit to purchase homes, cars, and furniture. Second, retail banks provide a safe place for people to deposit their money.

Broadly speaking, there are three main retail bank types. They are commercial banks, credit unions, and certain investment funds. It specializes in management buyouts, recapitalizations, generational transitions, acquisitions, add-on acquisitions, growth equity and leveraged buyouts.

I hope it helped you!! Thanks!!

Answer 2

Answer:

Retail banking, also known as consumer banking or personal banking, is banking that provides financial services to individual consumers rather than businesses. Retail banking is a way for individual consumers to manage their money, have access to credit, and deposit their money in a secure manner. Services offered by retail banks include checking and savings accounts, mortgages, personal loans, credit cards, and certificates of deposit (CDs).