Tag: public sector banks

Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

Posted on By Admin No Comments on Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…

Read More “Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India” »

Business

Some banks will open on Sunday, March 31! Check full list of RBI’s Agency Banks here – Times of India

Posted on By Admin No Comments on Some banks will open on Sunday, March 31! Check full list of RBI’s Agency Banks here – Times of India

March 2024 bank holidays: Certain bank branches will be open to cater to government transactions for the fiscal year 2023–2024 on Sunday, March 31. This decision comes from the Government of India, which has asked all bank branches handling government receipts and payments to remain operational on that day. The Reserve Bank of India (RBI)…

Read More “Some banks will open on Sunday, March 31! Check full list of RBI’s Agency Banks here – Times of India” »

Business