Wholesale banking refers to dealing with large corporate customers often-multinational companies, governments, or government enterprises. On the other hand, retail banking refers to the mobilization of deposits mainly from individuals and lending to small business and in retail loan markets.
Wholesale banks usually deal with small numbers of customers with large valued transaction. They mobilise the funds from and lend funds to the business undertakings. It includes the transactions, which the banks conduct with each other via inter-bank markets separate from customers.
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