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Understanding Retail Banking Retail banking, also known as consumer banking, focuses on providing services to individual consumers rather than businesses. Services include savings accounts, checking accounts, personal loans, mortgages, and credit cards. Retail banks aim to build strong relationships with customers by customizing financial products to meet their specific needs. Traditionally, retail banks operated through extensive branch networks. However, as of 2023, over 75

In the competitive world of banking, mastering Accounting and Financial Management (AFM) is vital. These areas cover the core principles that guide financial transactions, reporting, and oversight in the banking sector. This blog post presents concise notes on vital AFM concepts and includes 50 multiple-choice questions (MCQs) that will help you assess your understanding of this crucial field. Understanding Accounting in Banking Accounting in banking is the systematic approac

The world of banking is both complex and crucial for our economy. With numerous principles and practices driving financial institutions, understanding these concepts is key, especially for those preparing for the JAIIB Exam. This post offers a clear overview of essential banking principles and practices. Additionally, it includes 50 review questions to help reinforce your knowledge and improve your readiness. A bank building's entrance showcasing its architectural design Unde