state bank of india

Mother Teresa's Missionaries of Charity Denies Bank Account Freeze After Mamata Blames Centre

Mother Teresa’s Missionaries of Charity Denies Bank Account Freeze After Mamata Blames Centre

Leave a Comment / Breaking News, National /

New Delhi: The Union’s Home Office said on Monday that it had not frozen any bank accounts of the Missionaries of Charity founded by Mother Teresa. “The State Bank of India has informed that the Missionaries of Charity itself has sent a request to the SBI to freeze its accounts,” the Interior Ministry said in …

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SBI collects Rs 300 crore from zero balance accounts over 5 years: IIT-Bombay study

2 Comments / BUSINESS, Finance /

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 …

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