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Answered 2011-01-22 14:45:18

Retail Banks make profit and generate revenue by two ways:

  1. By charging you a fee for the services they provide you
  2. By lending the money you have deposited into your account, to other loan customers and getting an interest on the same.

Interest income is the highest revenue and profit generator for any bank.


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Yes, consumer banking is basically the same as retail banking.

Retail Banking is nothing but the one which directly deals with and stands for General Public . And the other types like Commercial and corporate are what we can say as Non-Retail Banking

consumer banking is same like retail banking.

Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.

Retail banking directly deals with the individual end users , whereas corporate banking mainly deals with companies.

Co-operative banking is a retail and commercial banking organized on a co-operative basis. Co-operative banking institutions take deposits and lends money.

Retail banking is mostly associated with single customers of small business customers. When you open an account or one for your spouse, that is retail banking. If you have a small business, and it opens an account that is retail banking. If you are an employer of 5,000 people and you open a company account with the bank, that is still retail banking. However, when you for example do imports/exports, you are not dealing with commercial banking section of the bank. When you do payroll management, you are working with transactional banking section, which works under commercial banking. When your bank offers you cash management from your 100 stores across the country, that is commercial banking.

retail banking is a bank doing business with individual customers. wholesale banking is a bank doing business mostly with financial institutions.

Retail Banking is the practice of financial transaction carried out between consumer and institution. Retail banking dates back to early 16th century when the British started trading across continents.

The different types of banking services are:Commercial BankingInvestment BankingRetail BankingWholesale BankingRural BankingPrivate Banking

Retail customers are generally the walking individual people. The public. Commercial or corporate banking is generally banking to companies, helping with accounts payable, receivables, credit cards, loans, etc. So, a retail bank is one with an ATM, corporate banking not so much.

He made his money by steel banking and railroads

There are many different kinds of banking services available. Some of them are:Retail BankingCorporate BankingInvestment BankingPrivate BankingRural BankingEtc.

Retail baningDeals with large no. of small value transactions whereas wholesale banking deals with a small no of large value transaction

Draw an approach for e banking deployment for retail customers and explain?

A big advantage of retail banking is that in the big chain banks, there is less likely that your interest rates will be raised at random. These banks are also usually well known around the country and give the consumer a sense of security in depositing their money.

Jukka Vesala has written: 'Technological Transformation and Retail Banking Competition' 'Testing for competition in banking' -- subject(s): Banks and banking, Competition, Bank loans 'Retail banking in European financial integration' -- subject(s): Banks and banking, State supervision

retail sector banking sector

Retail banking is geared towards individual customers. Retail banking institutions provide personal banking services such as savings and checking accounts, bill pay services, debit, and credit cards, as well as mortgages and loans. They are not geared towards large businesses, but may offer services to small businesses.

There are numerous retail banking jobs. Some of them are; Branch Manager, Cash Management Specialist, Loss Mitigation Processor and Internal Auditors.

Personal Banking actually refers to Retail Banking. Retail banking refers to banking in which a bank executes transactions with customers directly. The different services offered include: savings and checking accounts, mortgages, personal loans, debit/credit cards etc.

Retail banking ensues financial transactions where the bank loans money on credit also known as lines of credit in which companies repay based on terms set by the lender. With retail banking, the bank assumes most or all of the risk. Investment banking can either be the sale of stock, preferred stock, bonds, debentures and so on. Investment banking requires the underwriting of financial instruments which reasonably assures investors that the company is solvent and able to repay the funds or that the stock should rise in value in the long run after the funds are raised. Regardless, with investment banking, investors assume most of or all the the risk.

There are many different kinds of banking services available. Some of them are: a. Retail Banking b. Corporate Banking c. Investment Banking d. Private Banking e. Rural Banking f. Etc.

Commercial banking is primarily concerned with receiving deposits and lending to businesses, whereas Retail Banking provides the same products (such as deposits or loans) just to individuals. Not trying to make this more complicated, but Commercial & Retail Banks (depending on the organisation and region) also differentiate here by investable assets per customer (e.g. <US$100.000). Customers with higher investable assets would be either classified into Premium Banking (e.g. >US$ 100.000 <US$ 200.000) or Private Banking (e.g. >US$ 200.000).

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