BL editorial criticises SBI for Rs.15 levy plus GST when Basic Savings Account holders withdraw cash via ATMs–more than 4 times a month–[2] Editorial questions the levy on the ground of being unfair [ and defies logic ] and stresses the fact that the levy will be borne by the low income households & casual labourers among others [3] Further points out that Bank’s quarterly profits are Rs.20000 crore plus [4] SBI earned 286 crores via ATM charages and Rs-232 crores via recovery of penalty for not maintaining minimum balance.

अग्रलेख : मिरवावे असे काही…

भारताने जगास दिलेली ‘यूपीआय’ सेवा दहा वर्षांची होत असताना, आपल्याकडील मोबाइल देव-घेव ३१४ लाख कोटी रुपयांवर गेली आहे… https://www.loksatta.com/sampadkiya/editorial/upi-10-years-digital-payment-revolution-india-nandan-nilekani-pramod-varma-ssb-93-6098983/?ref=hometopblock_hp ‘‘भारतीय बँकिंग क्षेत्र ज्या क्रांतीच्या प्रतीक्षेत

RBI’s great dollar haul: Where are the $73 billion going?

Read more at:https://economictimes.indiatimes.com/news/economy/finance/where-has-indias-73-billion-gone-inside-the-rbis-great-dollar-haul/articleshow/133501056.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/news/economy/finance/where-has-indias-73-billion-gone-inside-the-rbis-great-dollar-haul/articleshow/133501056.cms India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains

Bank froze businessman’s account over income mismatch, now it is asked to pay Rs 50,000 compensation; HC explains why

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/bank-froze-businessmans-account-over-income-mismatch-now-it-is-asked-to-pay-rs-50000-compensation-hc-explains-why/articleshow/133393897.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Bank account holder to get Rs 50,000 as bank freezed the account on the ground of discrepancy in declared income and amount

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