Wednesday, January 9, 2013

Dy RBI Guv Takes Commercial Banks’ CEOs to Task

KC Chakrabarty, Deputy Governor of RBI, gave a dressing down to CEOs of commercial banks at a recent meeting on customer service. For instance, he asked banks to justify the charges they impose on customers to avail service from non-home branches. “When you are advertising — One nation. One branch. One account, — then where is the question of charging customers for updating their passbook at a non-home branch?” When the bankers said that the charges are to recover the cost, Chakrabarty quickly replied: “I am not against it. Either do away with the charges or have a uniform charge for all.”

ET 

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