Economics · Banking and Finance
Consider the following statements regarding the primary strategic goals of actively promoting 'Other Fee-Based Services - Distribution of third-party products' alongside core banking offerings: (A) To replace Deposit Products as the bank's main source of funding. (B) To enhance customer stickiness by offering a single window for all financial needs (financial supermarket model). (C) To generate non-interest income (fee income) to diversify revenue streams and improve profitability metrics like Return on Assets (ROA). (D) To eliminate the need for any internal New Product Development initiatives. Which of the statements given above are correct?
- 1B, C, and D only
- 2A, B, and C only
- 3B and C only✓
- 4A and D only
Correct answer
B and C only
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