What does retail banking mean?

Retail banking can be traditional banking or new business; It can be asset business, liability business, intermediary business, online banking business and so on. Liabilities: demand deposits, time deposits, credit card deposits, financial bonds and large negotiable certificates of deposit.

1. Bank retail business (also known as retail financial business) generally refers to various financial services provided by commercial banks, such as deposit, financing, entrusted wealth management, securities trading, agency service, entrusted consultation, etc. It is the main way for commercial banks to provide one-stop packaged products and services and the main tool for commercial banks to explore new markets, new fields and new business methods.

2. Retail business is a service for individual customers, which can be divided into retail business and corporate business. All services to individuals are retail business. Because credit cards are sold to individuals, of course they belong to retail. Including daily access, renting a safe, etc. It's all retail business Investment direction: which market the funds raised by RMB wealth management products will be invested in, and what wealth management products will be invested in, which determines whether the risks and returns of the products themselves can be realized. Liquidity: Most products have low liquidity, so customers can't terminate the contract in advance. A few products can be terminated or pledged, but the fee or interest of pledged loans is high.

3. In a narrow sense, financing is the behavior and process for enterprises to raise funds. That is, according to the company's own production and operation, capital ownership and the needs of the company's future operation and development, through scientific prediction and decision-making, the company adopts certain methods to raise funds from the company's investors and creditors and organize the supply of funds to ensure the company's normal production needs and financial management activities. Broadly speaking, financing is also called finance, that is, the financing of monetary funds and the behavior of the parties to raise or lend funds in the financial market in various ways. Retail banking refers to the comprehensive financial services provided by commercial banks to individuals, families and small and medium-sized enterprises by using modern business concepts and relying on high-tech means, including deposit and withdrawal, loans, settlement, remittance, investment and wealth management.