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Banks profit from interest income and other charges they levy on their account holders.
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∙ 14y ago
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How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
What is the Impact of internet banking on bank profit?
Implementing an internet banking system for the bank could be a huge investement for a bank and may impact the banks profit in the year it is implemented. But with the convenience that is offered through an internet banking system the bank is sure to atract new customers and hence in the long term, the internet banking would help the bank boost its profit.
What are responsibilities of a sales bank?
to generate client profit.
What was the primary function of the second national bank?
The primary function of any bank is to make a profit
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
Do you support privatization of banks and why?
no i do not support privatization of bank because in 1969 the ex prime minister indira gandhi nationalized the f14 bank for social economic development . before f1969 bank was aim to gain profit only profit . they has no concern for people .if again bank is to be privatization so bank;s aim will be only to gain more profit and profit and control the economy to business man
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
Why a bank issue ipo?
for earned profit
What was the net profit of Royal Bank in Canada in 2003?
The Royal Bank of Canada was founded in 1964 and is the largest bank in Canada. The net profit in the year 2003 for the company was $3.858 billion dollars.
What is the bank customer shares of the profit made of loans?
Savings account interest and all other forms of interest earned on deposits with a bank is a person's share of the bank's profit made on loans.
What is the Impact of internet banking on bank profit?
Implementing an internet banking system for the bank could be a huge investement for a bank and may impact the banks profit in the year it is implemented. But with the convenience that is offered through an internet banking system the bank is sure to atract new customers and hence in the long term, the internet banking would help the bank boost its profit.
What are responsibilities of a sales bank?
to generate client profit.
What was the primary function of the second national bank?
The primary function of any bank is to make a profit
How does hsbc bank earn profit?
HSBC Bank makes profit and generates revenue by two ways:By charging you a fee for the services they provide youBy lending the money you have deposited into your account, to other loan customers and getting an interest on the same.Interest income is the highest revenue and profit generator for any bank.
