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Project Description : In retail banking, the bank deals directly with consumers instead of with companies or other banks. Services include savings and transaction accounts, mortgages, personal loans, debit and credit cards. Today, retail banking is considered one of the most innovative financial services offered by many public sector banks, private and foreign banks. A retail credit loan is a financing method that can be used to allocate capital for a variety of purposes. Retail credit agreements are structured portfolios of different types of loans that a company can use to meet business needs or lend to customers. It is mainly useful for financing loans or lines of credit for retailers and real estate. Retail lines of credit can be business-to-business, such as a business receiving business-to-consumer financing from a bank, where a merchant provides credit to customers to make purchases. The purpose of the study is to discuss the Indian retail banking sector and the retail credit process, its risks and its importance to the economy.
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