Indian government implemented a disabled demonetisation in last year and since then whopping of Middle class people’s money has been a routine of action in all viable ways.
State owned bank SBI and other banks announced a penalty of not maintaining minimum balance of 5000 INR.
Facing unprecedented pressure on their profitability due to staggering bad loans, banks have now found minimum account balance (MAB) charges as a lucrative source of revenue.
The State Bank of India (SBI), the country’s largest public sector bank, for example, raked up as much as Rs 1,771 crore during April-November 2017 in MAB charges. The amount surpasses the bank’s second quarter net profit of Rs 1,581.55 crore.
During the same period Indian government slashed the 3 lakh crore of INR of the corporate loans.
Should we call them Corporate Government or Government of People?.
Reflection of common man’s thought.
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yes,
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Corporate Government or more precisely- Reliance & Adani Government!
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Whatever it’s, I don’t feel Government does anything to birng money out of corporate rather forces common to put in bank all the cash and beg them
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u r right. GOVT is pro corporate, making poor more poor
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