what is the main income source of bank?
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Money,tax based on the money kept in ur account
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bank keep a small proportion of public deposits with themselves to pay the depositors on any given day.
they use the major portion of the deposits to meet the loan requirements if the people .
Banks charge a higher interest rate on loans than what they differ on deposits thus , the difference between what is charged from borrowers and what is paid to depositors is the main source of income of the banks.
be brainly
they use the major portion of the deposits to meet the loan requirements if the people .
Banks charge a higher interest rate on loans than what they differ on deposits thus , the difference between what is charged from borrowers and what is paid to depositors is the main source of income of the banks.
be brainly
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