The Reserve Bank of India has clarified that individual banks have the autonomy to decide on the minimum average balance (MAB) requirements for savings accounts. While some private banks like ICICI Bank are increasing MAB, several state-owned banks, including SBI, PNB, Canara Bank, and Indian Bank, are eliminating penalties for not maintaining minimum balances to promote financial inclusion.
FPIs bet small on local debt, inflow pickup seen far away
April witnessed a slight inflow of foreign investments into Indian debt, but the atmosphere remains one of caution. Influences like escalating US and Japan interest
May 2, 2026