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Banks earn 5000 crore from penalising customers

Aug 05, 2018 17:27 IST

21 public sector banks and three private sector LENDERS bagged a whopping Rs. 5,000 crore THIS YEAR from penalising THEIR customers for not maintaining minimum balance in their accounts. RBI data says State Bank of India, led the pack, and collected nearly half the amount raised by all THE 24 banks.

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