SBI collects Rs 300 crore from zero balance accounts over 5 years: IIT-Bombay study
Several banks, including the State Bank of India (SBI), had previously placed excessive charges on certain services provided to the poor with zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by IIT-Bombay has revealed. The study found that the SBI’s decision to charge Rs 17.70 for all overdrafts by BSBDA account holders would …
SBI collects Rs 300 crore from zero balance accounts over 5 years: IIT-Bombay study Read More »