A basic accountant will tell you about ‘Other Income’ in any balance sheet.
Any person filing a Income Tax return will also know what is other income.
Here is a totally new idea of Other Income for Banks.
As the interest income for banks is under pressure (it has always been so!) a suggestion to add up fee based income for the banks. The basis is that banks have a huge network and would be able to sell any product to its customers. A legalised MLM through Banks?
If one goes by the volume of network of an organisation, the post offices top the category. Postal Life Insurance is just a ‘diversification’ of services. Soon post offices may be seen selling shares, mutual fund units, may be registration of housing documents?!
Posted by Revathi 