PNB collected â¹151cr as minimum balance penalty in FY18: RTI
Fraud-hit PNB has realised â¹151.66 crore as penalty from nearly 1.23 crore savings fund accounts for not maintaining monthly average balance in FY18, an RTI query revealed. Economist Jayantilal Bhandari has urged the RBI to immediately review the rates of this penalty, being recovered by banks, in the interest of middle class and poor account holders. 