Question

what is the main source of income of every bank?

Answer 1

The income of bank is decided bytes profit or loss per as we know that money is provided by RBI to these banks per year at the rate of interest does Bank give loans to people and collect the rate of interest and we can see collect money from them at a rate of interest and that money is paid by the bank to the RBI per year this decides the profit or loss of a bank and income of a bank

Answer 2

HI

✨ Main source of income for every bank ▶️▶️ The difference between what is charged from borrowers and what is paid to depositors .

Hope it proved to be beneficial...