Business Studies, asked by vikasgugnani8945, 10 months ago

What are the source of income to the banks?

Answers

Answered by VishnuKumar96

Answer:

The main source of income for the bank is from loan. Main functionality of bank is to borrow money from people at low rate(saving account, current account) and lend them into higher rates. Banks grant loans for short term and long term with different purpose like home loan, personal loan, car loan.

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