SBI has realised Rs235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly average balance in the 1st quarter of the current fiscal, an RTI query has revealed<\/p>\n
State Bank of India (SBI) has realised Rs235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly average balance in the first quarter of the current fiscal, an RTI query has revealed.<\/p>\n
\u201cAn amount of Rs235.06 crore has been realised from our 388.74 lakh accounts which did not maintain monthly average balance in the first quarter ended 30 June,\u201d SBI said in its reply to an application filed by Neemuch-based RTI activist Chandrashekhar Gaud.<\/p>\n
This information was furnished by a Mumbai-based deputy general manager rank officer of the bank\u2019s operations department, he said.<\/p>\n
However, the country\u2019s top bank has not revealed the categories of accounts on which the fine has been levied for non-compliance with its minimum balance requirements, the activist said.<\/p>\n
Gaud appealed to the state-run lender to review its policy of levying penalty for non-compliance with its minimum balance requirements in the interest of the poor account holders.<\/p>\n
Courtesy: Livemint<\/p>\n","protected":false},"excerpt":{"rendered":"
SBI has realised Rs235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly average balance in the 1st quarter of the current fiscal, an RTI query has revealed.<\/p>\n","protected":false},"author":2,"featured_media":1802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[34],"tags":[],"yoast_head":"\n