SlideShare a Scribd company logo
1 of 14
“Retail banking is typically mass – market banking
where individual customers use local branches of
larger commercial banks. Services offered include
savings and transactional accounts, mortgages,
personal loans, debit cards, credit cards and so”.
 Retail banks provide banking services to individuals and small
business.
 Retail banks deals with individual customers, both on liabilities and
assets sides of the balance sheet.
 Fixed/current/saving accounts on the liabilities side, and mortgages
loans on asset side.
 Financial institutions are dealing with large number of low value
transactions.
 It is typically mass-market banking.
 Multiple Products
The products included in retail banking
are—
Various types of deposits/accounts.
Credit and debit cards
Loans (Personal, Auto, Housing etc.)
Insurance, mutual funds etc.
 Multiple channels of distribution
Internet banking
Mobile banking
Call centers
 Multiple Customer Groups
Individual customers
Petty businesses
Small and Medium Enterprises (SMEs)
Omni-channel Banking will allow for seamless
integration and a consistently pleasurable customer
experience across all channels- ATMs, Internet
Banking, Kiosk, branches,
Mobile....You name it.
 Your money is much more secure than in a box
under your bed and you can buy goods, be paid,
and sell things without cash changing hands.
 The bank you are familiar with and which knows
you can also offer you a wide range of other
services, such as mortgages and insurance. Your
bank may be able to offer you competitive deals in
return for your loyalty as a customer.
 Retail banks offer a variety of ways you can access
your account and manage your money, most
notably via internet banking. This means that you
can keep a close eye on your finances and avert
many potential problems.
 1. All round increase in economic activity.
 2. Increase in the purchasing power. The rural areas have the large
purchasing power at their disposal and this is an opportunity to market
Retail Banking.
 3. India has 200 million households and 400 million middleclass
population more than 90% of the savings come from the house hold
sector. Falling interest rates have resulted in a shift. “Now People Want
To Save Less And Spend More.”
 4. Nuclear family concept is gaining much importance which may lead
to large savings, large number of banking services to be provided are
day-by-day increasing.
 5. Tax benefits are available, for example, in case of housing loans the
borrower can avail tax benefits for the loan repayment and the interest
charged for the loan.
 Future of Retail Banking is for the
CUSTOMER.
 Pricing is determined by Customer.
 Competition among Banks would ensure him
better service at cheaper rate.
 Customer would be able to discount his future
earnings as Retail Credit for his higher standard
of living.
Retail Banking

More Related Content

What's hot

Retail banking
Retail bankingRetail banking
Retail bankingdesaitrup
 
Retail Banking India 2015 - Now and Predictions
Retail Banking India 2015 - Now and PredictionsRetail Banking India 2015 - Now and Predictions
Retail Banking India 2015 - Now and PredictionsMayur Nanotkar
 
Retail banking
Retail bankingRetail banking
Retail bankingDharmik
 
Retail Banking Trends
Retail Banking TrendsRetail Banking Trends
Retail Banking Trendsguest14fb65
 
Presentation on retail banking system
Presentation on retail banking systemPresentation on retail banking system
Presentation on retail banking systemMia Manik
 
Retail Banking Strategy
Retail Banking StrategyRetail Banking Strategy
Retail Banking StrategyTheju Paul
 
Retail banking ppt
Retail banking pptRetail banking ppt
Retail banking pptAmit Saini
 
Retail Banking
Retail BankingRetail Banking
Retail BankingTheju Paul
 
Retail banking – challenges & way forward (India)
Retail banking – challenges & way forward (India)Retail banking – challenges & way forward (India)
Retail banking – challenges & way forward (India)Vijay Shivram Menon
 
02 iintroduction to retail banking 2011
02 iintroduction to  retail banking 201102 iintroduction to  retail banking 2011
02 iintroduction to retail banking 2011puppygoki
 
Innovations in Banking - Recent Developments
Innovations in Banking - Recent DevelopmentsInnovations in Banking - Recent Developments
Innovations in Banking - Recent DevelopmentsSwaminath Sam
 
53067671 retail-banking-ppt
53067671 retail-banking-ppt53067671 retail-banking-ppt
53067671 retail-banking-pptDhriti Chopra
 
Retail Banking - Anywhere ... Anytime?
Retail Banking - Anywhere ... Anytime?Retail Banking - Anywhere ... Anytime?
Retail Banking - Anywhere ... Anytime?SCG International
 

What's hot (19)

Retail banking
Retail bankingRetail banking
Retail banking
 
Retail Banking India 2015 - Now and Predictions
Retail Banking India 2015 - Now and PredictionsRetail Banking India 2015 - Now and Predictions
Retail Banking India 2015 - Now and Predictions
 
Retail banking
Retail bankingRetail banking
Retail banking
 
Retail Banking Trends
Retail Banking TrendsRetail Banking Trends
Retail Banking Trends
 
Retail banking
Retail banking Retail banking
Retail banking
 
Presentation on retail banking system
Presentation on retail banking systemPresentation on retail banking system
Presentation on retail banking system
 
Retail Banking Strategy
Retail Banking StrategyRetail Banking Strategy
Retail Banking Strategy
 
Banking Innovation
Banking InnovationBanking Innovation
Banking Innovation
 
Retail banking ppt
Retail banking pptRetail banking ppt
Retail banking ppt
 
Retail banking challenges
Retail banking challenges Retail banking challenges
Retail banking challenges
 
Retail Banking
Retail BankingRetail Banking
Retail Banking
 
Retail banking
Retail bankingRetail banking
Retail banking
 
Retail banking – challenges & way forward (India)
Retail banking – challenges & way forward (India)Retail banking – challenges & way forward (India)
Retail banking – challenges & way forward (India)
 
02 iintroduction to retail banking 2011
02 iintroduction to  retail banking 201102 iintroduction to  retail banking 2011
02 iintroduction to retail banking 2011
 
Innovations in Banking - Recent Developments
Innovations in Banking - Recent DevelopmentsInnovations in Banking - Recent Developments
Innovations in Banking - Recent Developments
 
53067671 retail-banking-ppt
53067671 retail-banking-ppt53067671 retail-banking-ppt
53067671 retail-banking-ppt
 
E banking
E bankingE banking
E banking
 
Business of Banking
Business of BankingBusiness of Banking
Business of Banking
 
Retail Banking - Anywhere ... Anytime?
Retail Banking - Anywhere ... Anytime?Retail Banking - Anywhere ... Anytime?
Retail Banking - Anywhere ... Anytime?
 

Similar to Retail Banking

Wholesale and Retail banking.pptx
Wholesale and Retail banking.pptxWholesale and Retail banking.pptx
Wholesale and Retail banking.pptxNazmul H. Palash
 
PROJECT-Impact of Internet banking services on customer loyalty
PROJECT-Impact of Internet banking services on customer loyaltyPROJECT-Impact of Internet banking services on customer loyalty
PROJECT-Impact of Internet banking services on customer loyaltyNabarun Paul
 
Marketing of financial products
Marketing of financial productsMarketing of financial products
Marketing of financial productsmadhvih
 
Report on HDFC bank by Ayushi Jain
Report on HDFC bank by Ayushi JainReport on HDFC bank by Ayushi Jain
Report on HDFC bank by Ayushi JainAyushi Jain
 
29381388 innovation-in-indian-banking-sector
29381388 innovation-in-indian-banking-sector29381388 innovation-in-indian-banking-sector
29381388 innovation-in-indian-banking-sectorPerminder Singh
 
distribution channel.pptx
distribution channel.pptxdistribution channel.pptx
distribution channel.pptxshikhar357886
 
ANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORLakhrajSingh
 
Retail Banking In India
Retail Banking In IndiaRetail Banking In India
Retail Banking In IndiaNilesh Ahuja
 
Lecture 9 e banking, benifits of eb, procedure of eb
Lecture 9 e banking, benifits of eb, procedure of ebLecture 9 e banking, benifits of eb, procedure of eb
Lecture 9 e banking, benifits of eb, procedure of ebHaadiAhsan
 
Unit 2 Part 1.pdf
Unit 2 Part 1.pdfUnit 2 Part 1.pdf
Unit 2 Part 1.pdfvijayshet3
 
What's next for banks
What's next for banksWhat's next for banks
What's next for banksAndy Cowles
 
CUSTOMER SATISFACTION project report on axis baNK 12.pptx
CUSTOMER SATISFACTION project report on axis baNK 12.pptxCUSTOMER SATISFACTION project report on axis baNK 12.pptx
CUSTOMER SATISFACTION project report on axis baNK 12.pptxPRASHANTJUNNARKAR
 
Unit 1 Retail Banking Final.pptx
Unit 1 Retail Banking Final.pptxUnit 1 Retail Banking Final.pptx
Unit 1 Retail Banking Final.pptxNarinderBhasin
 
Opportunities for disruption in Financial Services (with a mobile focus)
Opportunities for disruption in Financial Services (with a mobile focus)Opportunities for disruption in Financial Services (with a mobile focus)
Opportunities for disruption in Financial Services (with a mobile focus)Nadya.Powell
 

Similar to Retail Banking (20)

Wholesale and Retail banking.pptx
Wholesale and Retail banking.pptxWholesale and Retail banking.pptx
Wholesale and Retail banking.pptx
 
PROJECT-Impact of Internet banking services on customer loyalty
PROJECT-Impact of Internet banking services on customer loyaltyPROJECT-Impact of Internet banking services on customer loyalty
PROJECT-Impact of Internet banking services on customer loyalty
 
Marketing of financial products
Marketing of financial productsMarketing of financial products
Marketing of financial products
 
Report on HDFC bank by Ayushi Jain
Report on HDFC bank by Ayushi JainReport on HDFC bank by Ayushi Jain
Report on HDFC bank by Ayushi Jain
 
29381388 innovation-in-indian-banking-sector
29381388 innovation-in-indian-banking-sector29381388 innovation-in-indian-banking-sector
29381388 innovation-in-indian-banking-sector
 
Retial banking abhay roll no 55
Retial banking abhay roll no 55Retial banking abhay roll no 55
Retial banking abhay roll no 55
 
distribution channel.pptx
distribution channel.pptxdistribution channel.pptx
distribution channel.pptx
 
Financial Services Industry
Financial Services IndustryFinancial Services Industry
Financial Services Industry
 
ISLAMIC BANK & FINANCE Chapter 2
ISLAMIC BANK & FINANCE Chapter 2ISLAMIC BANK & FINANCE Chapter 2
ISLAMIC BANK & FINANCE Chapter 2
 
Agency banking
Agency bankingAgency banking
Agency banking
 
ANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTOR
 
Retail Banking In India
Retail Banking In IndiaRetail Banking In India
Retail Banking In India
 
Lecture 9 e banking, benifits of eb, procedure of eb
Lecture 9 e banking, benifits of eb, procedure of ebLecture 9 e banking, benifits of eb, procedure of eb
Lecture 9 e banking, benifits of eb, procedure of eb
 
Unit 2 Part 1.pdf
Unit 2 Part 1.pdfUnit 2 Part 1.pdf
Unit 2 Part 1.pdf
 
What's next for banks
What's next for banksWhat's next for banks
What's next for banks
 
Retail banking
Retail bankingRetail banking
Retail banking
 
CUSTOMER SATISFACTION project report on axis baNK 12.pptx
CUSTOMER SATISFACTION project report on axis baNK 12.pptxCUSTOMER SATISFACTION project report on axis baNK 12.pptx
CUSTOMER SATISFACTION project report on axis baNK 12.pptx
 
Unit 1 Retail Banking Final.pptx
Unit 1 Retail Banking Final.pptxUnit 1 Retail Banking Final.pptx
Unit 1 Retail Banking Final.pptx
 
BFSI INDUSTRY
BFSI INDUSTRYBFSI INDUSTRY
BFSI INDUSTRY
 
Opportunities for disruption in Financial Services (with a mobile focus)
Opportunities for disruption in Financial Services (with a mobile focus)Opportunities for disruption in Financial Services (with a mobile focus)
Opportunities for disruption in Financial Services (with a mobile focus)
 

Recently uploaded

Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Amil baba
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Sonam Pathan
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economiccinemoviesu
 
Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Precize Formely Leadoff
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxNarayaniTripathi2
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Sonam Pathan
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Devarsh Vakil
 
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)ECTIJ
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfHenry Tapper
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex
 
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptAnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptPriyankaSharma89719
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxnaikparas90
 
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...Amil baba
 
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Amil baba
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...Amil baba
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Sonam Pathan
 
212MTAMount Durham University Bachelor's Diploma in Technology
212MTAMount Durham University Bachelor's Diploma in Technology212MTAMount Durham University Bachelor's Diploma in Technology
212MTAMount Durham University Bachelor's Diploma in Technologyz xss
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证rjrjkk
 
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...Amil baba
 

Recently uploaded (20)

Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economic
 
Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptx
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
 
Q1 2024 Newsletter | Financial Synergies Wealth Advisors
Q1 2024 Newsletter | Financial Synergies Wealth AdvisorsQ1 2024 Newsletter | Financial Synergies Wealth Advisors
Q1 2024 Newsletter | Financial Synergies Wealth Advisors
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024
 
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
 
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.pptAnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
AnyConv.com__FSS Advance Retail & Distribution - 15.06.17.ppt
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptx
 
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
 
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
 
212MTAMount Durham University Bachelor's Diploma in Technology
212MTAMount Durham University Bachelor's Diploma in Technology212MTAMount Durham University Bachelor's Diploma in Technology
212MTAMount Durham University Bachelor's Diploma in Technology
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
 
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
NO1 Certified Best Amil In Rawalpindi Bangali Baba In Rawalpindi jadu tona ka...
 

Retail Banking

  • 1.
  • 2. “Retail banking is typically mass – market banking where individual customers use local branches of larger commercial banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, credit cards and so”.
  • 3.  Retail banks provide banking services to individuals and small business.  Retail banks deals with individual customers, both on liabilities and assets sides of the balance sheet.  Fixed/current/saving accounts on the liabilities side, and mortgages loans on asset side.  Financial institutions are dealing with large number of low value transactions.  It is typically mass-market banking.
  • 4.  Multiple Products The products included in retail banking are— Various types of deposits/accounts. Credit and debit cards Loans (Personal, Auto, Housing etc.) Insurance, mutual funds etc.  Multiple channels of distribution Internet banking Mobile banking Call centers  Multiple Customer Groups Individual customers Petty businesses Small and Medium Enterprises (SMEs)
  • 5. Omni-channel Banking will allow for seamless integration and a consistently pleasurable customer experience across all channels- ATMs, Internet Banking, Kiosk, branches, Mobile....You name it.
  • 6.
  • 7.
  • 8.  Your money is much more secure than in a box under your bed and you can buy goods, be paid, and sell things without cash changing hands.  The bank you are familiar with and which knows you can also offer you a wide range of other services, such as mortgages and insurance. Your bank may be able to offer you competitive deals in return for your loyalty as a customer.  Retail banks offer a variety of ways you can access your account and manage your money, most notably via internet banking. This means that you can keep a close eye on your finances and avert many potential problems.
  • 9.  1. All round increase in economic activity.  2. Increase in the purchasing power. The rural areas have the large purchasing power at their disposal and this is an opportunity to market Retail Banking.  3. India has 200 million households and 400 million middleclass population more than 90% of the savings come from the house hold sector. Falling interest rates have resulted in a shift. “Now People Want To Save Less And Spend More.”  4. Nuclear family concept is gaining much importance which may lead to large savings, large number of banking services to be provided are day-by-day increasing.  5. Tax benefits are available, for example, in case of housing loans the borrower can avail tax benefits for the loan repayment and the interest charged for the loan.
  • 10.
  • 11.
  • 12.
  • 13.  Future of Retail Banking is for the CUSTOMER.  Pricing is determined by Customer.  Competition among Banks would ensure him better service at cheaper rate.  Customer would be able to discount his future earnings as Retail Credit for his higher standard of living.