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Total 39 results found. Search for [ MAB ]

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BusinessToday.In
July 28, 2019
Charges for non-maintenance of minimum balance has been defined by the State Bank of India, ICICI Bank and HDFC Bank on the basis of the location of their branches


Mudit Kapoor
April 25, 2019
The banking ombudsman (BO) has faced some peculiar complaints with regards to banking services like credit cards, ATM transactions, savings account and electronic transactions. Here are some of the cases in which the banks were hauled up


PTI
February 5, 2019



BusinessToday.In
New Delhi, January 1, 2019
The forum overruled the SBI's arguments that the complainant was not its customer and that the failure of internet connectivity did not come under its ambit.


PTI
New Delhi, December 25, 2018
According to Gupta, the bank's charges are on the lower side when compared with the other private sector banks.


PTI
December 25, 2018



BusinessToday.In
New Delhi, August 6, 2018
As many as 21 public sector banks (PSBs) and three major private sector lenders have collected Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18.


BusinessToday.In
August 5, 2018
The top five banks in terms of their earnings from non-maintenance of minimum balance fee are SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB.


BusinessToday.In
New Delhi, July 18, 2018
The second largest public bank charged Rs 31.99 crore as a penalty in the first quarter of FY18, Rs 29.43 crore in the second, Rs 37.27 crore in the third and Rs 52.97 crore in the fourth quarter.


BusinessToday.In
New Delhi, March 14, 2018
In the face of the mounting backlash, SBI had initially lowered the MAB requirement threshold and halved the maximum fine applicable. Now SBI customers have even more cause to celebrate.


PTI
January 5, 2018



BusinessToday.in
January 5, 2018
SBI may change the requirement from monthly average balance to quarterly average balance besides slashing the minimum balance requirement to around Rs 1,000 in metros.


PTI
January 2, 2018



BusinessToday.in
January 2, 2018
PSU banks have reportedly collected Rs 2320.96 crore in FY18 so far by imposing a penalty on customers who do not maintain their minimum monthly average balance (MAB). The amount was collected during the April-November 2017 period.


BT Online
October 31, 2017
Country's largest lender State Bank of India will cut marginal cost-based lending rates (MCLR) across maturities by 5 basis points. The new rates will come into effect on Wednesday.


BT Online
New Delhi, October 27, 2017
A number of leading banks like State Bank of India (SBI), ICICI and HDFC have a Basic Savings Bank Deposit (BSBD) Account that lets you keep your money without any burden of charges or fees.


BT Online
October 2, 2017
For customers, who close their accounts after 14 days and before completing 1 year after opening an account will be charged Rs 500 and extra GST, the bank had said in a notification.


BT Online
New Delhi, September 26, 2017
The country's biggest bank, State Bank of India (SBI) has reduced the monthly average balance (MAB) requirement to Rs 3,000 from Rs 5,000 earlier.


BT Online
New Delhi, September 26, 2017
This change in minimum balance under MAB rules came within days of SBI mentioning that it was analysing the customer feedback it received over charges for non-maintenance of minimum account balance.


PTI
New Delhi, September 25, 2017
SBI said pensioners and minors are exempted from minimum average balance requirement.


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