Marketwire

10 Banks with Multiple Pockets

We have compiled a list of top ten banks which have significant other income as a per cent of the total income

10 Banks with Multiple Pockets

The core income of banks is the interest earned on the loans extended. But banks may also have other services and divisions to earn money such as fees levied on banking services; brokerage; commissions on investment products; currency exchange; investment banking; and health and life insurance. Analysing other income is an important factor because it contributed around 13.4 per cent of the total income of all the banks in the last 12 months. We have compiled a list of top ten banks which have significant other income as a per cent of the total income. The list is dominated by private sector banks, with eight out of ten banks in the list being private-sector banks. Kotak Mahindra Bank has the highest earning from other sources like commissions and insurance business, which contributed around 36 per cent of the total revenues in the last 12 months. Other two banks which generate huge amounts fro


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