1 February 17

There is nothing that can stop banks from systematically fleecing you heres why?

India’s biggest private sector banks have nothing but contempt for their customers. They’ve made this absolutely clearly by the way they have reacted to the enormous amount of public criticism they have received for the new fines (or service charge or whatever they call it) on cash transactions, as well as for the myriad other charges that banks keep deducting from the customers’ money.

As far as anyone from any bank has answered the criticism, it is merely to point out that the fines, charges and deductions are in keeping with the regulations. However, that’s hardly an answer because the whole point that angry customers are making is that the regulations are inadequate and unfair.