Retail Banking
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New answer posted
a year agoContributor-Level 10
Retail Banking courses are offered at various levels, hence, the eligibility requirements may also vary. Here's a basic idea for reference:
Course Level | Eligibility Criteria |
|---|---|
| Undergraduate |
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| Postgraduate/PGDM |
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| Diploma/Certification |
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| Doctorate |
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Note: The information is sourced from external sites and may vary.
New answer posted
a year agoContributor-Level 10
Retail banks store the cash deposits of their clients and then use them to provide loans to other consumers. The Federal Reserve formerly decided that all banks must keep 10% of their demand and checking deposits in-house overnight, though this rule was changed to 0% in March 2020.
This reserve requirement is seen as a safety and liquidity measure. which means that the remainder of the deposit on hand is allowed to be lent out. The retail banks charge interest rates on these loans at a higher rate than they pay on customer deposits, which is how banks earn income.
New answer posted
a year agoContributor-Level 10
Some of the basic roles and responsibilities of a Retail Banker include promoting the bank's products, developing consumer relationships, providing financial advice, updating consumers' data, managing administration, achieving targets, etc.
New answer posted
a year agoContributor-Level 10
The youth of India is more comfortable with Retail banking technology and prefer to use it. Retail Banking offers a door of opportunity to Banking sector. Thoug it also has certain challenges like:
- The requirement to find ways to disseminate financial services and retail banking products and awareness.
- The ability to customer satisfaction and solve issues, as soon as possible.
- Customizing banking experience for the consumer.
- Rising indebtedness is also a big challenge.
New answer posted
a year agoContributor-Level 10
Hello, there are a very limited number of Retail Banking colleges in India. Among them, Banaras Hindu University is the only institution that provides great placement opportunities. It has a placement record of an average package of INR 8 LPA.
New answer posted
a year agoContributor-Level 10
Hi, MBA in Retail Banking may include subjects such as Principles of Economics & Markets, Managerial Effectiveness & Ethics, Accounting & Finance, Organizational Behavior & Human Resources Management, and Quantitative Techniques & Analytics.
Some other topics that may be covered in an MBA in Retail Banking include:
- Risk Management: The process of identifying, evaluating, monitoring, and mitigating risks that could affect a company's objectives
- Business Valuations: The understanding of the worth of business, shares, or assets in the context of transactions, strategic decision-making, financial reporting, disputes, and tax plann
New answer posted
a year agoContributor-Level 10
Here are some popular book options for Retail Banking students:
| Books | Author |
|---|---|
| 'Banking on It: How I Disrupted an Industry' | Anne Boden |
| 'DeFi and the Future of Finance' | Fred Ahrsam |
| 'The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance' | Ron Chernow |
| 'How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy' | Mehrsa Baradaran |
| 'The Fed Unbound: Central Banking in a Time of Crisis' | Lev Menand |
Note: The information is sourced from external sites and may vary.
New answer posted
a year agoContributor-Level 10
While retail banking services are offered to general public, Corporate Banking services are only for companies and corporate bodies. Hence, the scope of the products and services available also differ for Retail banking, which is, the Retail Banking is consumer-oriented and Corporate Banking is business-oriented.
New answer posted
a year agoContributor-Level 10
Hello, Here are some benefits of the Retail Banking system in India:
- Deposit process with a retail bank are secure and stable and the deposits constitute core deposits. They are less likely to compromise for higher interest rates and are interest-insensitive.
- They offer the banks low-cost funding.
- Retail Banking also provides with strong base for consumers through efficient customer relationship management.
- A retail banking division is a good pathway to develop funds.
- And lastly, it only requires minimum efforts in an economy driven by demand.
New answer posted
a year agoContributor-Level 10
Retail banking equips customers with the resources and tools they need to handle their money wisely, accumulate wealth over time, and meet their financial objectives. Let’s look at some of the factors that make retail banking crucial.
- Monitoring Financial Health: Retail banking can help monitor financial health by providing customers with a range of banking services that can help them manage their accounts, track their expenses, monitor their credit scores, plan for their financial goals, and manage their loans.
- Ease of Use and Security: Retail banking provides a convenient and secure way to manage customers’ finances. It all
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