The word Retail refers to offering services to the direct customer or the end user rather than to organizations or other corporations. Similarly, Retail Banking is a service provided by the Banks wherein they execute transactions directly with the customers rather than Corporations or other Banks.
Retail Banking covers a wide spectrum of services provided by the Bank to its customers. Most of the customers are unaware of such services provided by the Banks and even if they are aware of such services, the complete knowledge is missing. This is where ARK plays a crucial role of educating their clients of such services and providing them with the insight into the benefits of such services.ARK in the past has provided its guidance to a lot of MSME's as well as to group of employees of Corporates who are in need of Finances to run their operations and and for Employee Welfare respectively.
The major areas that ARK covers under Retail Financing are-
• Providing assistance in sanctioning of Home loans
• Personal finance
• CGTMSE loan schemes for MSME's etc.
• Providing Bulk Deals for Employee Vehicle Loans
• Commercial Vehicle loans
• Mortgage Loans
• Approval of Builders Projects for extending Home Loans to Home Buyers
• Approval of Courses conducted by Universities for extending Education loans to their students
ARK undertakes a detailed study on the requirement of its customers, analysis its feasibility and develops a road map for the proper execution of the plan so that its clients gets the maximum benefits of the facilities provided by the Banks.
The team of experts at ARK also ensure that all the statutory requirements of Banks are complied with for the smooth commissioning of the services it intends to provide to its clients. Rather than striving for its own profitability ARK's constant endeavor is to provide flawless services to its valued customers so that they can achieve what they strive for without any hindrance.