SBI collects ₹1,771 cr from below minimum balance accounts

SBI collected ₹1,771 crore during April-November 2017 as charges from customers who didn't maintain their minimum monthly average balance in their accounts, according to Finance Ministry data. The total penalty amount collected by public sector banks was ₹2,321 crore for the period. SBI is followed by PNB and Central Bank of India which collected ₹97 crore and ₹68 crore respectively.