Banking · Banking Operations

The main reason a bank engages in 'Other Agency Business' is to:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Only manage the government's fiscal deficit.
2Reduce the volume of savings accounts.
3Generate diversified, capital-light fee income and leverage their existing customer base.✓
4Increase their core lending risk.

Correct answer

Generate diversified, capital-light fee income and leverage their existing customer base.

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