Tuesday, 14 March 2017

  •   As we all know, banks play an important role in our daily life. Banking industries is mainly dominated by 5 big banks whether it is personal or business banking. There is very strong competition among all of them.
  •  The two best banks are TD and RBC. TD full name is Toronto dominion. TD bank is a branch bank. TD has higher fees as compare to their competitors. TD has more checking account rate, but lower saving account rate as compare to other banks.TD bank was founded during 1852.
  • TD’s headquarter was in Wilmington, DE. TD’s market share is 23.5%. TD is the most favored bank in the class, and it holds second most piece of the pie in Canada by serving 23 million clients and producing 31.4 billion of income in 2015. TD has more than 1100 branches.



  • ·         RBC is known as royal bank of Canada. RBC’s fees is lower than his competitors. RBC has more checking and saving account rate.  RBC is an online bank which was founded in year 1985. RBC’s headquarters’ are in Atlanta, GA. RBC hold first position in case of market shares. RBC’s market share is 23.8% .RBC has 1209 branches in Canada.
  • ·         After concluding all facts and figures it briefed that TD bank is much better than RBC. No doubt, RBC’s market share is more than TD. But still TD is much favorable. The difference of 0.3% is because RBC provide cheaper as compared to TD. 


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