Increase in ATM Charges and RBI Actions and Inactions

From the first of May, the Reserve Bank of India (RBI) has permitted the banks, an increase in the charges for ATM transactions above a free limit. The free limit is 5 transactions in...

Read more May 6, 2025 at 11:06 am Thomas Franco

Banking and Customer Rights

The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our target of achieving a fully inclusive banking system. Do we have a banking system where...

Read more August 3, 2021 at 4:55 pm Ashish Kajla

Bank Charges Should be Scrapped & Not Just Paused Out of ‘Benevolence’

The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of...

Read more November 5, 2020 at 2:40 pm Ashish Kajla

THE BREACH OF TRUST BETWEEN BANKS AND THEIR CUSTOMERS

There are several factors which play an important role in determining the relationship between banks and their customers. One of the most important amongst them is what services banks provide and how they deliver...

Read more June 23, 2020 at 12:23 am Shivani Dwivedi

BANK CHARGES EXHAUSTING COVID-19 RELIEF FUND

On 24th March, 2020, the Prime Minister of India has declared the nationwide lockdown due to global widespread of Covid 19. As a result, the entire businesses, works, and economy have shut down leading to...

Read more June 15, 2020 at 12:14 am Shivani Dwivedi

Concept Note titled Public Money: Resistance Against Arbitrary Bank Charges

Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving accounts) which banks use for lending to...

SBI WAIVER ON MINIMUM BALANCE PENALTY IS WELCOME: ALL BANK CHARGES

Financial Accountability Network India (FAN India) welcomes the announcement of State Bank of India (SBI) to waive the penalty for not maintaining Average Minimum Balance and for SMS service.In 2017, SBI imposed penalty on...

Read more June 10, 2020 at 12:07 am Shivani Dwivedi

THE WORST AFFECT OF BANK CHARGES ON WORKING CLASS

The massive bank charges introduced in past few years have greatly affected the financial state of marginalised working class. This was better understood when the team of FanIndia has talked to some people of...

Read more June 8, 2020 at 11:54 pm Shivani Dwivedi

How Banks Are Stealing Our Money

The Indian banking sector is under a prolonged and severe crisis. Bad loans continue to grow and banks remain under-capitalized with profits in the red. As a result, credit growth remains muted, reinforcing the...

कैसे बैंक हमसे हमारी बचत के पैसे लूट रहे हैं?

भारतीय बैंकिंग क्षेत्र एक लंबे और गंभीर संकट के दौर से गुजर रहा है। बुरे ऋण बढ़ रहे हैं और बैंक घटते मुनाफे के साथ कम-पूंजीकृत हो रहे हैं। नतीजतन, साख वृद्धि थम सी...

Read more June 5, 2020 at 12:37 am Amit Kumar

बैंकों ने लोगों की सेवा करने के बजाए उनका शोषण करना शुरू कर दिया है

बैंक लोक कल्याण से भटक कर व्यावसायिक कल्याण के मार्ग पर चले गए हैं, उन्होंने लोगों की सेवा करने के बजाए उनका शोषण करना शुरू कर दिया है, वे कॉर्पोरेट को दिये ऋणों से...

Read more April 22, 2020 at 10:22 pm Shivani Dwivedi

BANKS LEVY NUMEROUS CHARGES ON CUSTOMERS FOR SERVICES

All the banks, especially the public sector banks have a moral obligation and social responsibility of promoting financial inclusion and social welfare. The banks run on the deposits and when a bank sinks, depositors...

Read more April 22, 2020 at 10:11 pm Shivani Dwivedi

DEPOSITORS FACING DOUBLE WHAMMY OF KEEPING SAVINGS AND PAYING FOR BANK LOSSES

The savings of people deposited in banks form the capital of banks which banks lend to borrowers. Banks earn interest on the loans issued to borrowers. The cost of operating expenses including salaries comes from this...

Read more April 12, 2020 at 10:06 pm Shivani Dwivedi

DEPOSITORS PAYING THE PRICE OF CORPORATE BAD LOANS

The primary objective of nationalization of banks was to reach out to each and every last person of our society. The purpose was to provide credit facilities to poor and marginalized sections and free...

Read more April 3, 2020 at 10:00 pm Shivani Dwivedi

BANK CHARGES HURT POOR THE MOST

In the last few years, banks have begun foisting hefty charges on customers on all the banking transactions. While some of the charges existed before but the new charges have been introduced on very...

Read more March 21, 2020 at 9:38 pm Shivani Dwivedi

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