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Why Banking companies didn't show EBIT in income statement?

Question Posted / raju k

Answers were Sorted based on User's Feedback



Why Banking companies didn't show EBIT in income statement?..

Answer / hitesh kukreja

Major part of the expenses (More than 90%) of a Bank, is
the Interest payed by it.

Hence the EBIT is 10 times more than PAT, or even more, &
hence does not reflects the efficiency of the bank.

Is This Answer Correct ?    9 Yes 1 No

Why Banking companies didn't show EBIT in income statement?..

Answer / raju k

A Banking institution licenced, for accepting deposits
from public and lending loans to the public.
Revenue for a banking company is the sum of net income
earned from interest by lending loans and
other or non interest income.

Is This Answer Correct ?    2 Yes 10 No

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