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‘Why should there be different set of rules for public sector banks?’

DNMUM385212 | 3/20/2017 | Author : Manju AB | WC :1224

c-suite chat Arundhati Bhattacharya, Chairman, State Bank of India

Arundhati Bhattacharya, chairman, State Bank of India (SBI), will create history on April 1 when all five associate banks will merge with itself — in the largest such exercise in the banking sector — to blossom out as a single entity. She created history in 2013 when she rose from the ranks and took over as the first woman chairman of the 211-year old bank. In an exclusive interview, she tells Manju AB that her life’s journeys are never with a complete roadmap but with a conviction that challenges can be tackled and goal post is never too far.
Is it necessary for SBI to demand a high monthly minimum average balance (MAB) of Rs 5,000 in savings accounts?
There is an interest of 4% paid on savings bank account. Suppose someon
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