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The banking operations done online without reaching out to the bank branches are called ?

ARetail banking

BCentral banking

CWholesale banking

DVirtual banking

Answer:

D. Virtual banking

Read Explanation:

Virtual banking:


  • Virtual banking refers to banking operations done online without reaching out to the bank branches.
  • This is the latest and foremost form of banking services.
  • Virtual banking enables customers to secure loans, pay utility bills, make deposits and track accounts from remote locations.
  • Virtual banking also known as cyber banking, e banking, home banking or online banking includes provision of and access to various banking services virtually rather than at a physical bank.

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