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MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 y ...Read More >
Hyderabad: The Greater Hyderabad Municipal Corporation's (GHMC) order to shut beef shops and slaughterhouses on the Independence Day (August 15) and Krishna Janmashtami (August 16) evoked mixed response from people in the city. While some felt that the beef shops should be closed on Krishna Janmashtami considering religious sentiments, they said the shops could be allowed to function on August 15. While there are no restrictions on chicken, fish, etc., beef shops were ordered to be closed. So ...Read More >
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