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Retail banking is directly dealing with the retail customer and is known as consumer banking or personal banking. It shows the real face of banking to the general public whereas corporate banking that deals with business and firms, also provide syndicated loans and many other services.
On the other hand, Corporate banking is known as business banking, refers to the aspect of banking that deals with corporate customers.
Retail Banking is excusively dealing wiht individual/ consumer Customers and Corporate Banking dealing with Corporte / Firms/ Institutions
The banking industry is divided into two major banking components known as retail banking and corporate banking.
• Retail banks offer their services such as accepting deposits, maintaining savings and checking accounts, and providing loans directly to customers and individuals, instead of other banks and businesses.
• Corporate banking refers to the division in the banking industry that deals solely with businesses and firms and offers services such as savings accounts, checking accounts, loan facilities, credit facilities, trade finance, foreign exchange, etc.
1) Retail banking is directly dealing with the retail (Individual)customer. 2)Corporate banking is known as business banking
Retail banking is such banking which directly deals with the customers. It is the visible face of banking to the general public. Whereas corporate banking focuses on corporate customers.
Banking services rendered to companies is called "Corporate Banking" whereas banking services rendered to individual coustomers & consumers is known as "Retail Banking"
Retail Banking is to deal with individual customers to finance their day to day requirements and corporate banking is to deal with companies for their finance requirement to open new business or to increase volume of business.
Retail banking deals with individual customers but corporate banking deals with companies and institutions.
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.
2- Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
Retail banking deals with individual customers and assist them in banking facilities like accounts, deposits, withdrawals, loans, etc. where as corporate banking deals with companies to assist them with corporate facilities like corporate accounts, LC's, overdraffts, etc.
Retail banking also known asConsumer Banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks.
Corporate banking, also known as business banking, refers to the aspect ofbanking that deals with corporate customers
