Retail Banking
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Kritika Kumari
Contributor-Level 10
To make the switch from retail to corporate banking, concentrate on learning about relationship management, financial analysis, and commercial banking products. One could seek specialised corporate banking courses or qualifications such as the CFA. Make the most of your current financial management and customer service abilities while expanding your professional network. You might also look for positions like relationship manager in corporate banking to have expertise that is relevant.
New answer posted
3 months ago
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Akansha Bisht
Contributor-Level 10
The eligibility criteria for Retail Banking courses vary depending on the course level. Here's a basic idea for reference:Course LevelEligibility CriteriaUndergraduateClass 12 with a minimum of 50% aggregate score from a recognised board.Postgraduate/PGDMA bachelor's degree in a relevant discipline from a recognised university.Diploma/CertificationClass 10 or 12 from a recognised board.DoctorateA master's degree in a relevant discipline from a recognised university.
New answer posted
3 months ago
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Akansha Bisht
Contributor-Level 10
A retail bank stores the cash deposits of its retail clients. It then uses these deposits to make loans to other clients. The Federal Reserve formerly required that all banks keep 10% of their demand and checking deposits in-house overnight—this was changed to 0% in March 2020.This is known as the reserve requirement and is seen as a safety and liquidity measure. This means that the remainder of the deposit on hand is allowed to be lent out. The 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
3 months ago
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Akansha Bisht
Contributor-Level 10
Here are some responsibilities of Retail Banker;Promote the Bank’s Products: A retail banker promotes a bank’s services and products, such as investment and retirement plans, as well as other loans such as housing and education loans.Develop Consumer Relationships: A retail banker meets with the bank’s customers daily to resolve their banking-related difficulties and create strong customer relationships.Provide Financial Advice: A retail banker acts as a financial advisor to their clients, assisting them in developing a robust portfolio that generates the most profit.Update Customer Data: A retail banker maintains a c
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New answer posted
3 months ago
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Akansha Bisht
Contributor-Level 10
The younger population of India is more comfortable with this banking technology and prefers to use retail banking. This provides a door of opportunity to this sector. While this sector offers various opportunities, there are also certain challenges like:The need to find ways to distribute financial services and retail banking products and awareness.The ability to cater to the needs of the customer and the ability to sort out issues, if any, as soon as possible.Provide a customized banking experience for the customer.Rising indebtedness is also a huge challenge.
New answer posted
3 months ago
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Akansha Bisht
Contributor-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
3 months ago
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Akansha Bisht
Contributor-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
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New answer posted
3 months ago
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Akansha Bisht
Contributor-Level 10
Here are some popular book options for Retail Banking students:BooksAuthor'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 MenandNote: The information is sourced from external sites and may vary.
New answer posted
3 months ago
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6 Views
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Akansha Bisht
Contributor-Level 10
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
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New answer posted
3 months ago
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Akansha Bisht
Contributor-Level 10
Hello, Here are some advantages of the Retail Banking system:Deposits with a retail bank are secure and stable and the deposits constitute core deposits. They are less willing to compromise for higher interest rates and are interest-insensitive.They provide the banks with low-cost funding.Retail banking facilitates strong foundations for consumers through efficient customer relationship management.The retail banking division is a good avenue for funds development.Retail banking only requires minimum efforts in an economy driven by demand.
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