₹19,000 crore in penalties collected by banks over the past three years for not maintaining minimum…
₹19,000 crore in penalties collected by banks over the past three years for not maintaining minimum balances has drawn sharp criticism from Raghav Chadha. Raising the issue in Parliament, he said the burden falls disproportionately on farmers, pensioners and daily wage workers who use banks for basic savings. Questioning the fairness of penalising low-income account holders, @raghavchadha88 argued that financial inclusion should protect small savings, not punish them. He proposed scrapping minimum balance penalties, urging reforms to make the banking system more equitable for the poorest sections.
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