In recent times,there had been a substantial expansion in fee-related income for banks.What is the principal reason for this?

Question

Quizplus · Accepted Answer

Increased off-sheet business (OBS) for banks, also known as fee-related income, is the principal reason for the substantial expansion. OBS includes services such as investment banking, brokerage, and asset management, which generate revenue through fees and commissions rather than interest on loans or deposits. This trend has been observed globally, not just in Australia, and has become an important source of revenue diversification for banks.

In Recent Times,there Had Been a Substantial Expansion in Fee-Related