Definition: Retail banking is a financial segment that caters the requirements of individuals as customers, majorly comprising of the low-income groups of the society. It facilitates the common people to make deposits, avail credit and get their funds managed systematically. Personal banking deals in a huge volume of financial transactions although these are of small […]
Virtual Banking
Definition: Virtual banking is a financial setup which provides numerous retail banking services through a wireless network using an electronic device. The customers need not be physically present at the concerned bank’s branch to carry out a transaction. For instance; a company employing around 50 personnel disburses salary in their accounts on the first day […]