Against Unfair Bank Charges

You sense that bank charges are sometimes too high and unreasonable. Now an RBI working group agrees, says Sucheta Dalal

In 1999, when the Reserve Bank of India (RBI) freed banks from adhering to service charges decided by the Indian Banks Association (IBA), it believed that fierce competition for new businesses, especially from the newly licensed private banks would keep charges low. So, it...

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