It is observed that most of our Indian Bank's NIM is declining over the years. what could be some alternate revenue model for banks for boosting overall income to compensate for the declining NIM?

Question

Accepted Answer

Banks can explore alternate revenue models such as fee-based services, digital banking, cross-selling, and partnerships.

Offering fee-based services like wealth management, insurance, and advisory services can generate additional income.
Emphasizing on digital banking services can attract more customers and increase revenue through transaction fees and service charges.
Cross-selling products and services to existing customers can boost income, for example, offering loans to customers with good credit history.
Forming strategic partnerships with fintech companies or other businesses can create new revenue streams, such as revenue sharing or referral fees.
Exploring international expansion opportunities can help tap into new markets and diversify income sources.

Accepted Answer

To increase NIM BANK SHOULD GO FOR INSURSNCE BUSINESS MUTUAL FUND & OTHER ALLIED ACTIVITIES RELATED TO BANKING

It is observed that most of our Indian Bank's NIM is declining over the years. what could be some alternate revenue model for banks for boosting overall income to compensate for the declining NIM?

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