Latest News, Updates By SBI, HDFC Bank, ICICI Bank

HDFC Bank collected the 2nd highest amount of charges for not maintaining minimum balance during 2017-18.

Top banks have collected as much as Rs 5,000 crore in fiscal 2017-18 as charges for non-maintenance of minimum balance requirements. According to banking data, as many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. State Bank of India or SBI, the largest lender of the country, alone collected more than half of this penalty amount, revealed the data.

Source link

Show More

Related Articles

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Adblock Detected

Please consider supporting us by disabling your ad blocker