Cashier Question: Download Questions PDF
Can you please explain the difference between retail banking and core banking?
Answer:
Retail Banking is banks dealing with the retial customers like Individuals, HUF's, Propprietoship concerns, Partnership concerns, Small Pvt. Ltd companies etc.
Where as core banking is all the branches of the banks are connected to each other and a customer of the bank can do transactions from any of the branches i.e the customer is not specific to a branch to will be the customer for the bank.
Where as core banking is all the branches of the banks are connected to each other and a customer of the bank can do transactions from any of the branches i.e the customer is not specific to a branch to will be the customer for the bank.
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