Retail banks are financial institutions that provide services directly to consumers and small businesses. They offer a variety of products, including checking and savings accounts, personal loans, mortgages, and credit cards. Retail banks aim to help individuals manage their money and achieve their financial goals. These banks typically have physical branches where customers can conduct transactions, as well as online and mobile banking options for convenience. Retail banks play a crucial role in the economy by facilitating everyday financial activities and providing access to credit for personal and business needs.