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English definition of “retail banking”

retail banking

noun [U]     (also consumer banking)
BANKING the activities of banks that provide services to the public and to small businesses rather than to large companies and organizations: Growth in the company's core retail banking business has slowed. Competition in German retail banking is increasing rapidly. → Compare commercial banking, investment banking, private banking
(Definition of retail banking noun from the Cambridge Business English Dictionary © Cambridge University Press)
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