Discussion
Retail Banking means
Answer: B
Correct answer: Providing personal banking services directly to the consumers
Retail banking is the provision of banking services directly to individual consumers - savings and current accounts, personal, housing and vehicle loans, cards, and payment services - as distinct from wholesale banking, which serves corporates and institutions.
The name misleads: it has nothing to do with retail traders, whose finance would be ordinary commercial lending. Collecting dividend and interest warrants is a service a bank performs, but it is one product rather than a definition of the segment.
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