The difference between corporate and retail banking is simple. Corporate banking deals with services for large businesses, offering loans, credit, and financial solutions tailored to their specific needs. Retail banking, on the other hand, focusses on individual customers, providing services like savings accounts, personal loans, and everyday banking. The difference between these two is not just solely restricted to this so let me share a few more next.
What is the Difference Between Retail Banking and Corporate Banking?
The list of major differences between retail banking and corporate banking are:
Retail Banking |
Corporate Banking |
Retain banking focusses on individual customers and small businesses. |
Corporate banking focusses on large corporations, businesses, and institutions. |
Provides personal loans, savings accounts, credit cards, and mortgages. |
Offers business loans, trade finance, mergers, and investment banking services. |
Retain banking offers more general support for individuals. |
Corporate banking provides dedicated relationship managers for businesses. |
Lower risk is there due to smaller transactions and customer base. |
Higher risk is there but also comes with customised risk management solutions for large businesses. |
These are the primary differences between retail banking and corporate banking I know of.
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What is the Difference Between Retail and Corporate Banking?
Laksh
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1 Year
2024-09-30T16:00:03+00:00 2024-09-30T16:00:03+00:00Comment
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