New Delhi, Sept. 19 -- The Reserve Bank of India is reportedly pushing banks to lower fees for some consumer products, according to people familiar with the matter, a drive that may jeopardize the billions of dollars banks in the country get from fees.

RBI is pushing the banks to lower fees for some consumer products, according to people familiar with the matter, a drive that may jeopardise the billions of dollars banks in the country get from fees.

Reserve Bank of India officials have conveyed to banks in recent weeks that it wants a reduction in service charges - including those for debit cards, minimum balance violations and late payments, the people said, asking not to be identified discussing private interactions. The RBI, which re...