Business1 hour ago
Sinful 😈•70%
Banks Earn ₹26,170 Crore from Minimum Balance Penalties in 4 Years
Banks earned ₹26,170 crore from minimum balance penalties between FY23 and FY26, highlighting a significant revenue stream. While many public sector banks have eliminated these charges, private banks still impose hefty penalties on customers. This trend raises questions about banking practices and customer service in the financial sector.
⚖️ AI Verdict
"Looks like banks are cashing in on penalties while customers are left counting their coins!"
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File ID: #293053Original Source: LiveMint Money ↗
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