Banking, Finance & Insurance

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 planning Financial Modelling: Summarizing an organization's expenses and revenue in a spreadsheet to predict the impact of a future event. Hope this will be useful to you.

While retail banking services are provided to individuals in the general public, corporate banking services are only offered to companies and corporate bodies. The scope of the products and services available is also different: Retail banking is customer-oriented and corporate banking is business-oriented.The financial worth of transactions is comparably higher in corporate banking than in retail banking. The source of profit is also different: the difference between the margin of interest of borrowers and lenders is the main source of profit in retail banking, while corporate banking's source of profit is the interest and fees charged on the services provided.

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 allows them to save, borrow and invest money in a safe and regulated environment. By opening a savings account or a fixed deposit, they can earn interest on their savings, and also protect their money from theft or loss.Access to Credit: Customers can establish and build their credit history with the help of retail banking. With credit cards and loans, they can demonstrate their ability to borrow and repay the money, which can help them qualify for larger loans in the future.Financial Literacy: Retail banks offer financial education and guidance to help customers understand how to manage their money, make smart financial decisions, and achieve their financial goals.

Retail banking, also known as consumer banking or personal banking, is banking that provides financial services to individual consumers rather than businesses. Retail banking is a way for individual consumers to manage their money, have access to credit, and securely deposit their funds.Services offered by retail banks include checking and savings accounts, mortgages, personal loans, credit cards, and certificates of deposit (CDs).Retail banks are also an important source of credit for individuals. They offer consumers credit to purchase big-ticket items such as homes and cars. This extension of credit can take the form of mortgages, auto loans, or credit cards and is an important facet of the economy as it provides liquidity to ordinary consumers, which helps the economy grow.