what is the main source of income for banks
questioned by administrator @ in Social Sciences viewed by 141 People
What is the main source of income of the bank
Answered by administrator @
1 Interest on loans:
Banks provide various loans and advances to industries, corporates and individuals. The interest received on these loans is their main source of income.
2 Interest on investments:
Banks invest in various government and rated securities, and earn interest and dividends from these investments.
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