PSBs Collect Over ₹8,000 Crore in Penalties for Minimum Balance Violations in Three Years
Bhubaneswar: Public Sector Banks (PSBs) in India have collectively collected over ₹8,000 crore in penalties from customers for failing to maintain minimum balance requirements over the last three financial years, according to official data. Among the 12 PSBs, Punjab National Bank (PNB) accounted for the highest share, collecting more than ₹1,500 crore, nearly 20% of…
