Retail Banking

Retail banking refers to the provision of banking services to individual consumers and small businesses. It includes services like checking and savings accounts, personal loans, mortgages, credit cards, and investment products. Retail banks aim to meet the financial needs of the general public by offering services that facilitate everyday transactions and savings. They operate through physical branches and online platforms, providing convenience and accessibility. Overall, retail banking plays a vital role in personal finance management and economic growth by enabling individuals to save, borrow, and invest their money effectively.