RBI talks to banks on uniform fee disclosure, removal of overlaps

The Reserve Bank of India is actively engaging with banks to bring consistency to service charge disclosures and eliminate duplicate fees. This initiative, which comes on the heels of state-run banks lifting penalties for not maintaining minimum average balances, seeks to simplify the charges presented to customers.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EyqQYrG
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