Retail banking for business clients

May 20, 2012  //  Posted by: Financial advisor  //  Category: Business Support

Retail banking, bankingThis kind of a banking is now functional and in a developing stage especially in countries of growing economy like India. Retail banking has transactions executed with consumers directly instead of dealing with banks or other corporations. The services in retail banking and business include transactional or savings accounts, personal loans. Mortgages, credit and debit cards etc. Commercial bank is different from that of an investment bank and refers to a bank that deals with loans, deposits and savings etc. There are private banks which manage the individual’s assets and other offshore banks under this category that have their own jurisdiction of function and are generally associated with lower regulation and taxation. Under retail banking falls the category of community development banks as well that is the chief controller in providing financial credit and services to markets and populations that are undeserved. The entire business and banking sector runs on a high if retail banking sector functions properly.

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