A close friend of mine got a job in Universal Bank and honestly I have heard the term before but did not know what is Universal Banking meaning. On asking more about it he said that Universal Banking means the three financial entities that are:
The commercial banks
The financial institutions
NBCFs undertake several financial activities under one roof resulting in the creation of a financial supermarket.
They offer a variety of services under a single brand name. Let me share more points so that you can have a better understanding.
Get smooth and easy loan sanctioned at a low interest rate by availing NoBroker Home LoansWhat is meant by universal banking?
After having an idea about Universal Banking, let me share what it does as well so that the concept becomes clearer. This system offers:
Asset management
Deposits
Payment processing
Investment advisory
Underwriting
Securities transactions
Financial analysis
Merchant banking
Factoring
Mutual funds
Credit cards
Auto loans
Insurance
Housing finance
Retain loans and a lot more.
I hope these details are enough to answer what is Universal Banking in India.
The aim of such banks is to provide consumers with the essential services and I think it's great.
I hope this answers your query
what is Universal Banking.
Read More:What is merchant banking?
What is correspondent banking?
What is unit banking?
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What Is Universal Banking?
Shamita
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3 Year
2022-09-26T20:43:03+00:00 2022-09-26T20:43:06+00:00Comment
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