Banking · Third Party Products
When a bank sells Mutual Fund Business products, it is acting as a distributor, earning a commission from the Asset Management Company (AMC). This practice falls under the umbrella of:
- 1The core lending activity of the bank
- 2Distribution of Third Party Products in Retail Banking✓
- 3Depository Services by Banks
- 4Factoring business
Correct answer
Distribution of Third Party Products in Retail Banking
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