Business

⚡Banks Free to Decide on Minimum Account Balance: RBI Governor on ICICI Bank Hike

By IANS

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s second largest lender ICICI Bank raised the monthly minimum average balance requirement for all customer segments.

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