Reply To: Bancassurance

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January 25, 2019 at 9:21 am #24298
Arpit Surana
Participant

    UmangGarg wrote:

    What is non interest income and interest income?

    Sent from my Redmi 4 using Actuarial Info mobile app

    Non-Interest income is the income earned not by investing or vaheging some fixed percentage to others. Example profit through selling of goods, etc.

    On the other hand, interest income is the income earned through investing or some percentage.

    Most of the income earned by bank is interest income (such as interest earned on giving loans), so its important to distinguish between the two.