Civil society forum protests ICICI Banks minimum balance hike in savings accounts, writes to Govt

KOLKATA, Aug 11:A civil society organisation advocating banking stakeholders interests has written to the Finance Ministry, requesting its intervention into ICICI Banks decision to raise the minimum average balance (MAB) requirement for new savings accounts, and said such a move is detrimental to the governments vision of inclusive banking and growth. In a letter to the finance secretary, Bank Bachao Desh Bachao Manch termed the private lenders decision as unjust and regressive. The bank has rai

11 Aug 2025 11:59 am