Other Income
The following items are included under this head:
(i) Commission, Exchange and Brokerage: This item comprises of the following:
(a) Commission on bills for collection.
(b) Commission/exchange on remittances and transfers, e.g. demand drafts, NEFT, RTGS, etc.
(c) Commission on letters of credit and guarantees, letter of comforts.
(d) Loan processing, arranger and syndication fees.
(e) Mobile banking fees.
(f) Credit/Debit card fee income including annual fee income, merchant acquiring income, interchange fees, etc.
(g) Rent from letting out of lockers. 13
(h) Commission on Government business.
(i) Commission on other permitted agency business including consultancy and other services.
(j) Brokerage on securities.
(k) Fee on insurance referral.
(l) Commission on referral of mutual fund clients.
(m) Service/transaction banking charges including charges levied for transaction at other branches.
(n) Income from rendering other services like custodian, demat, investment advisory, cash management and other fee based services.
(ii) Profit on sale of Land, Buildings and Other Assets: This item includes profit (net of any loss) on sale of land, buildings, furniture, motor vehicles, gold, silver, etc.
(iii) Profit on exchange transactions: This includes revaluation gains/losses on forward exchange contracts and other derivative contracts, premium income/expenses on options, etc.
(iv) Income earned by way of dividends, etc., from subsidiaries and joint ventures abroad/in India.
(v) Miscellaneous income.