Answer Posted / deepak
Banks make money by lending your money out at interest and by charging you for services provided. Banks keep on lending money.
The other big revenue items generated by banks are the fees they charge. Bank charge for every service, whether it is for an electronic transaction, or permitting a transfer through the Internet banking system.
When banks get profits they invest in other companies and in return they will get money
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Differentiate between micro credit and micro finance?
WE HAVE SOLD GOODS ON 20.09.2010 TO X AND IT HAS BEEN RECODED BY X IN HIS BOOKS ON 08.10.2010 ACCORDINGLY X HAS ISSUED FORM C IN THE QR.OCT-DEC IS IT ALLOWABLE UNDER CST ACT.
What are the departments in RBI?
What is accretion accounting?
How are sources and applications categorized for proper interpretation of funds flow statement?
What is dcf?
What do you know about RTGS and NEFT?
For exanple If i transfer money from ICICI to SBI, where is suspense account created? Explain the money transfer process?
What do you mean by interest coverage ratio? What does it indicate?
What do you know about Mid- day meal scheme launched by the Indian government?
What are the most essential qualities of a Banker?
What is 'smart card'?
What is the usage of IFSC Code?
What Is Interest Expense?
Can you please give me NCFM DP module question papers other than the questions in nseindia.com?
