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APPLICABILITY OF RETAIL BANKING CONCEPTS, BRANCH PROFITABILITY
What is retail banking?
Retail banking refers to banking services offered directly to individual consumers and small businesses, including deposits, loans, payments, and other personal financial products, as opposed to wholesale or corporate banking.
What is the concept of 'cost centre' in branch banking?
A unit where costs are tracked without direct revenue attribution.
How does retail banking differ from wholesale banking?
Retail banking serves individual customers and small businesses with standardized, high-volume, low-value transactions, while wholesale banking deals with large corporations, financial institutions, and governments with high-value, low-volume transactions.
What does the 'spread' represent in retail banking profitability?
Difference between lending rate and cost of funds.
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