The below is an excerpt of the article "The New Reality for Bank Profitability" published by KPMG Australia.

https://home.kpmg/au/en/home/insights/2020/07/new-reality-bank-profitability.html

Required:

Given the above, discuss why the reliance on non-interest income for banks is even more important now and what are your recommendations of improving bank profitability given the current environment. You may use the above source or any other sources to justify your arguments