Types Of Retail Banks. S. commercial banks by assets were Retail banking is also known as the consumer banking. Retail banking provides financial services for individuals and families.
Retail banking is services which the bank provides to its individual customers rather than corporates and includes facilities of checking account, savings accounts, debit card, credit card, e-banking services, insurance, investment, phone banking, and consumer lending, etc.
What is the definition of retail banking?
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Ethical banks: banks that prioritize the transparency of all operations and make only what they consider to be socially-responsible investments. Customer expectations, technological capabilities, regulatory requirements, demographics and economics are together creating an imperative to change. The three most important functions are credit, deposit, and money management.
