Retail banks provide bank loans to small businesses, while commercial banks provide loans to large corporations under guidelines provided by the central bank.
<h3>What are Commercial Banks and Retail Banks?</h3>
Commercial banks make money by providing and earning interest on loans such as mortgages, business loans, etc.
Retail banking is also known as consumer banking and it involves the provision of services by the bank to the general public.
The basic difference between retail and commercial banking is that retail banks provide loan amounts to small businesses, whereas commercial banks provide loans to large corporations.
Thus, retail banks provide bank loans to small businesses, while commercial banks provide loans to large corporations
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