Question

What is source of income of banks

Answer 1

Refer to the attachment mate

Answer 2

Answer:

the main source of income is mainly what they get from people as deposits. as people dont need money everyday on the spot they keep only 15% ready with them else money is used for countering loans for the needy ones.

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.