New Delhi, July 7 -- Public Sector Banks (PSBs) are in discussions with the Ministry of Finance to reconsider their stance of mandating customers to maintain a minimum balance in their savings deposit accounts amid the falling share of CASA deposits in the banks, reported the news portal Times of India on Monday, 7 July 2025.
According to the news portal's report, the CASA or Current Account Savings Account deposits are declining in their share amongst the total deposits in the PSBs.
In a meeting with the Finance Ministry, government officials have questioned the PSU banks on the need to penalise customers who do not maintain a minimum balance for their deposit accounts, according to the news report. The rising concerns of the Ministry ...
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