Economics · Banking System
The core function of a Banking System is to act as a financial intermediary. Which of the following best defines 'Gross Profit' in the context of a commercial bank in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total Income minus all expenses including tax
- 2Net Interest Income (NII) plus Fee Income minus all staff costs
- 3Interest Income plus Non-Interest Income minus Interest Expenses✓
- 4Total Revenue minus Operating Expenses and Provisions
Correct answer
Interest Income plus Non-Interest Income minus Interest Expenses
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