Question

what is main source of income of the banks​

Answer 1

$\huge\red{ANSWER}$

Interest received on various loans and advances to industries, corporates and individuals is bank's main source of income. Interest received on various loans and advances to industries, corporates and individuals is bank's main source of income

Answer 2

The main source of income for banks is interest. Generally, a bank pays out lower interests on deposits than it receives on loans. Banks also charge fees for other services such as account charges and pool deposits then invest.

Hope it helps you