What are the advantages of Retail Banking?
Asked by Shiksha User
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1 Answer
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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.
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