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  2. Retail banking operations12345:
    • Refers to the people in the bank that make the bank “operate” on a daily basis.
    • Deals directly with individual, non-business customers.
    • Brings in customer deposits that largely enable banks to make loans to their retail and business customers.
    • Addresses KYC norms for new customers, ATM cash management, loan processing and timely loan disbursal.
    • Ensures that their clients and the bank meet regulatory guidelines.
    • Offers financial goods and services to private individuals and small companies.
    • Services usually consist of checking and savings accounts, credit cards, mortgages, personal loans, and investment goods.
    Learn more:
    Retail banking operations is the way bankers refer to the people in the bank that make the bank “operate” on a daily basis. From scheduling staff levels all the way through making certain that there is enough cash in the vault to serve that daily needs of customers.
    www.icbi-uk.com/banking-operations/retail-bankin…
    Retail banking is the part of a bank that deals directly with individual, non-business customers. This operation brings in customer deposits that largely enable banks to make loans to their retail and business customers.
    www.investopedia.com/articles/general/071213/ret…
    Retail banking operations The retail banking operations team addresses KYC norms for new customers, ATM cash management, loan processing and timely loan disbursal. They ensure that their clients and the bank meet regulatory guidelines. Some banks may outsource their retail banking operations, depending on the volume of transactions.
    in.indeed.com/career-advice/finding-a-job/banking-…
    Retail banking is primarily concerned with offering financial goods and services to private individuals and small companies. These services usually consist of checking and savings accounts, credit cards, mortgages, personal loans, and investment goods.
    www.forbes.com/advisor/in/banking/what-is-retail-b…
    Retail banking provides financial services for individuals and families. The three most important functions are credit, deposit, and money management. First, retail banks offer consumers credit to purchase homes, cars, and furniture. These include mortgages, auto loans, and credit cards.
    www.thebalancemoney.com/what-is-retail-banking …
     
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