Indian Banks Levy Rs 7,100 Crore in Minimum Balance Penalties in FY26, Private Lenders Lead Charge
No Comments on Indian Banks Levy Rs 7,100 Crore in Minimum Balance Penalties in FY26, Private Lenders Lead Charge
July 30, 2026
Indian banks collected Rs 7,100 crore in minimum balance penalties during FY26, with private banks, notably HDFC Bank, contributing the most. This contrasts with ten public sector banks that have discontinued such charges, sparking debate on banking…
HDFC Bank Leaders Penalized Over MSRDC Deposit Mobilization: A Deep Dive into Corporate Governance Concerns
July 28, 2026
HDFC Bank's board has penalized its MD, CFO, and a Group Head with Rs 1 lakh each over alleged Rs 45 crore 'marketing expenses' used to mobilize deposits from MSRDC between 2017-2021, emphasizing top-level accountability and robust corporate governance.