BANKING AFFAIRS

Detailed explanation-1: -Working capital finance is a retail banking product.

Detailed explanation-2: -Retail banking provides financial services to individual consumers rather than large institutions. Services offered include savings and checking accounts, mortgages, personal loans, debit or credit cards, and certificates of deposit (CDs).

Detailed explanation-3: -The retail banking products include checking accounts, credit cards, savings accounts, mortgages, debit cards, home equity loans, CDs, and personal loans.

Detailed explanation-4: -One of the most common types of Retail loans is a Housing Loan.

Detailed explanation-5: -Conclusion. Retail loans are loans taken by individuals from banks or financial institutions for personal use. These loans can be used for various purposes, such as buying a car, paying for education, renovating a house, etc. Retail loans are generally unsecured, meaning they do not require any collateral.