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ICICI Bank Reduces Minimum Balance Requirement After Public Outrage

ICICI Bank Reduces Minimum Balance Requirement After Public Outrage: ICICI Bank, India’s second-largest private lender, has revised its minimum average balance (MAB) requirement for new savings account holders after facing widespread criticism. The bank had recently raised the MAB from ₹10,000 to ₹50,000 for new customers in urban areas, but public backlash forced a rollback. […]