State Bank of India (SBI) has realized Rs 235.06 crore as penalty from 388.74 lakh accounts for not maintaining
monthly average balance in the first quarter of the current fiscal, an RTI
query has revealed.
"An amount
of Rs 235.06 crore has been realised from our 388.74 lakh accounts which did
not maintain monthly average balance in the first quarter ended June 30,"
SBI said in its reply to an application filed by Neemuch-based RTI activist
Chandrashekhar Gaud.
This information
was furnished by a Mumbai-based Deputy General Manager rank officer of the
bank's operations department, he said.
However, the
country's top bank has not revealed the categories of accounts on which the
fine has been levied for non-compliance with its minimum balance requirements,
the activist said.
Gaud appealed to
the state-run lender to review its policy of levying penalty for non-compliance
with its minimum balance requirements in the interest of the poor account
holders.
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