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SBI cuts penalty for not maintaining minimum balance by 75%

DNA Tuesday, 13 March 2018
State Bank of India (*SBI*) has slashed its penalties for not maintaining minimum balance for the second time on Tuesday, this time by 75%, but is still higher than its public sector peers.

Following the footsteps of private sector peers, State Bank of India (SBI) in April last year set up high minimum balance requirements and...

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