Banks don't penalise poor over low balance: Ex-SBI Chief
Ex-SBI Chief Arundhati Bhattacharya has dismissed allegations that banks penalise the poor for not maintaining a monthly average balance. Notably, SBI collected â¹1,771 crore during April-November 2017 as fine from customers who didn't maintain monthly average balance in their accounts. She also clarified that Jan Dhan Yojna account holders are exempted from maintaining minimum average balance.