By , 3 years ago

Retail banking refers to banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include savings and checking accounts, mortgages, personal loans, debit cards, credit cards,etc.

Core means basic therefore the basic services provided by the internetworked branches of bank is called the Core Banking. Core Banking is normally defined as the business conducted by a banking institution with its retail and small business customers. Many banks treat the retail customers as their core banking customers, and have a separate line of business to manage small businesses.