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Monthly Average Balance is the minimum balance that a customer is required to maintain in the bank account. If the balance in the bank account falls below the required amount, then banks levy a penalty. File | Photo Credit: Reuters ICICI Bank has raised the minimum balance requirement for its new savings bank accounts opened…
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A view of the ICICI bank head office in Mumbai. File | Photo Credit: Reuters Private lender ICICI Bank on July 22 reported a 40% rise in standalone net profit to ₹9,648 crore for the June 2023 quarter, helped by a decline in bad loans and an improvement in interest income. The Mumbai-based private sector…
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