HOW TO DIFFERENTIATE BETWEEN COMMERCIAL BANKING AND RETAIL BANKING

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HOW TO DIFFERENTIATE BETWEEN COMMERCIAL BANKING
AND RETAIL BANKING?
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•    The financial sector is one of the most
  significant aspects of a country's economy. The
  slightest disruption in the banking system can
  affect the economy adversely. Every economic
  activity, for instance, trade, is associated with
  the banking sector.  
•   The Central Bank of UAE regulates and controls
  the activities of other banks in the nation.
  Banks offer various services and benefits to the
  people besides making financial transactions
  easy, safe, and effortless. For example, there
  are several types of cards available to cater to
  the needs of various customers. 

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• Credit cards are an important aspect of the same.
  The credit card requirements in Dubai are
  different for various types of credit cards.
  Application form, ID proof, Residential proof,
  and proof of income are some of the main credit
  card requirements in Dubai.  
• When choosing the right bank, knowing the
  functionality of each is essential. There are
  differences between commercial and retail banking
  people are unaware of. Here are some of the
  differences between them. 

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• Commercial Banks are financial institutions that
  earn by the interests they take from their
  clients. They offer loans, services, and other
  products. Retail banks provide their services,
  benefits, and products to the general public. It
  also involves mass-market personal customers.  
• Some of the products and services offered by
  commercial banks are loans, trade finance,
  treasury and cash management services, employer
  services, etc. On the other hand, the products
  and services offered by retail banks are current
  accounts, credit cards, mortgages. 

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• Understanding the difference between commercial
  and retail banking gives you an idea of which
  bank is right for you and will meet your
  requirements. In this way, picking the right bank
  for yourself will give you a better experience in
  managing your finances.