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Can banks decide the minimum balance requirement for savings accounts? RBI Governor Sanjay Malhotra says the banks have the ...

Jay Kotak, head of Kotak811, has publicly criticized ICICI Bank's new policy requiring a ₹50,000 minimum average balance for new savings accounts, arguing it alienates most of India's population.

Reserve Bank of India Governor Sanjay Malhotra on Monday said banks are free to decide the minimum balance for savings ...

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Speaking to reporters at a financial inclusion event in Mehsana district, Gujarat, Malhotra said some banks have set the ...

RBI Governor Sanjay Malhotra has said that the issue of monthly minimum average balance requirement does not fall under the regulatory domain.