Industry Reports

Private banks collect ₹4,949 crore in minimum balance penalties in FY26, more than double of PSBs

Sunday, August 2, 2026 - 01:12
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Private banks collect ₹4,949 crore in minimum balance penalties in FY26, more than double of PSBs
Data shows private lenders collected ₹4,948.71 crore in minimum balance penalties, while most public sector banks have scrapped such charges on savings accounts.

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