What is Retail Banking primarily concerned with?

Retail banking is primarily focused on serving individual consumers rather than businesses or corporations. This sector of banking provides a wide range of financial services tailored to the needs of everyday customers. These include checking and savings accounts, personal loans, mortgages, and consumer credit.

By dealing directly with individual, non-business customers, retail banks aim to meet the financial needs of the general public. They offer easy access to banking services through branches, ATMs, and online platforms, making financial management more convenient for their clients. This approach helps in building strong customer relationships and ensuring that retail banking can cater to the diverse financial needs of individuals.

The other options focus on services aimed at businesses, corporations, or high-net-worth individuals, which fall under different categories within the banking industry, such as corporate banking or private banking. Thus, their focus is distinct from retail banking’s primary concern with individual consumers.