Difference between retail banking and corporate banking?

There are many differences between retail banking and corporate banking, however, to highlight the a few main points. Retail banks are those banks that deal directly with the customers and their main source of income being customer deposits, Retail banking is the visible face of banking to general public. 

while corporate banking also known as business banking deals with business or corporate clients, their main source of income being regular write downs and interest charged on customer loans. 

the objective as follows:- 

retail banking main services and objectives are attracting new customers to open savings account, provide mortgages, loans and check lines of credit to loans provided to customers. 

 corporate banking main services are loans and credit services to corporate, treasury and cash management services, equipment lending and trade finance

RETAIL BANKING:

• Retail banking is a part of bank that directly deal with consumers or individuals, located in the nearby city
• Retail banking is an activity done by bank with the customers face to face.
• Retail banking is clear or visible face to the consumer.
• Retail banking is also named as Consumer banking or Personal banking.
• It includes the services like savings account, current accounts, different types of loan, mortgages, debit and credit card, retirement planning, certificate of deposit etc.
• For retail banking, customer deposit is the most important source of fund.
• Retail bank makes profit from the interest margin of the lender and borrower transaction.

CORPORATE BANKING:

• Corporate banking only provide services to the large business corporations and business groups.
• Corporate banking first used in United States of America to differ it from the investment banking.
• Corporate banking is also known as Business banking.
• In short corporate banking is a one type of segment that caters service to the range of clients from big corporate firm to mid-scale company.
• Corporate banking earn profit from interest and fees they charge for services.
• Corporate banking provide services like saving account, current account, loan facility like secured and unsecured and credit facility to corporates.
• It also offer some more services like Trade finance, Foreign exchange, Custody, and Derivatives.
• In short it offers a services that are tailor-made to corporate firms.