SBI Asked To Reconsider Penalty For Not Keeping Minimum Balance: Report

New Delhi: The government on Monday asked State Bank of India, the country's largest lender, to reconsider its decision to levy penalty on non-maintenance of minimum balance, which the bank plans to hike manifold from April 1 impacting over 31 crore savings bank account holders. State Bank of India, according to a source, has also been asked to reconsider charges it proposes to levy on cash transactions and ATM withdrawals over spec...