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Rs 261700000000 in 4 years! Banks earned this massive amount through penalty charges; here’s why
['Navya Dubey']
News24
According to the figures presented in Parliament, banks collected ₹7,086.63 crore in FY2025-26, compared to ₹6,974.79 crore in FY2024-25.
AdvertisementPrivate Banks Collected the Highest Minimum Balance PenaltiesPrivate sector banks collected the largest share of these penalties in FY2025-26.
Among private lenders, HDFC Bank collected the highest amount at ₹1,798.14 crore, followed by Axis Bank, which collected ₹1,081.33 crore.
Public Sector Banks Collected Lower PenaltiesPublic sector banks together collected ₹2,137.92 crore during FY2025-26.
Among them, State Bank of India (SBI) collected ₹477.27 crore, while Bank of Baroda recovered ₹394.10 crore through minimum balance penalty charges.