Page 43 - DMGT303_BANKING_AND_INSURANCE

Banking and Insurance Rupesh Roshan Singh, Lovely Professional University

Notes Unit 3: Concept of Retail Banking

CONTENTS
Objectives

Introduction
3.1 Retail Banking-retail Lending Schemes

3.2 Composition of Retail Lending
3.2.1 Retail Banking – Retail Lending Schemes (Asset Focused Segment)

3.2.2 Retail Banking – Liability Focused Segment (Deposit Accounts)
3.3 Minimum Balance/Account Opening Requirements

3.4 Accounts
3.4.1 Banker Customer Relationship
3.4.2 Types of Accounts

3.5 Code of Conduct (KYC norms)
3.6 Term Deposits

3.7 Recurring Deposits
3.8 Reserve Bank of India’s Model Policy on Bank Deposits
3.8.1 Types of Deposit Accounts

3.8.2 Account Opening and Operation of Deposit Accounts
3.9 Corporate Banking

3.9.1 Types of loans granted by commercial banks
3.10 Wholesale Banking

3.11 Summary
3.12 Keywords

3.13 Review Questions
3.14 Further Readings

Objectives

After studying this unit, you should be able to:

Explain the meaning of Retail Banking
Understand Retail Banking - Asset Focused Segment (Advances)
Understand Retail Banking - Liability Focused Segment (Deposit Accounts)

Describe Reserve Bank of India’s Model Policy on deposit accounts

38 LOVELY PROFESSIONAL UNIVERSITY