Bank penalties cost depositors nearly Rs 5,000 crore in 2017-18

The highest collection is by State Bank of India (SBI), which raised Rs 2,433 crore – nearly half of the total fines. Another 30% of the fines were raised by three large private lenders — Axis Bank, HDFC Bank and ICICI Bank. SBI is also the reason penalties doubled in FY18.

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