Universal Banking

Universal banking is a financial model where a single bank offers a wide range of services, including traditional banking, investment, insurance, and asset management. This integrated approach allows the bank to serve diverse financial needs of individuals and businesses under one roof, promoting convenience and efficiency. It helps the bank diversify its revenue streams and better manage risks. Universal banks are regulated to ensure financial stability and protect consumers, combining retail banking (like savings accounts), corporate banking, and financial markets activities within a single institution.