RBI Governor Sanjay Malhotra: Banks Decide Their Own Minimum Balance Requirements

RBI Governor Sanjay Malhotra: Banks Decide Their Own Minimum Balance Requirements

Reserve Bank of India Governor Sanjay Malhotra clarified on August 11, 2025, at a financial inclusion event in Gujarat that setting minimum average balance (MAB) requirements for savings accounts is not within the RBI’s regulatory purview—it is entirely up to individual banks. His remarks came shortly after ICICI Bank raised its MAB for new accounts to ₹50,000 in metro/urban areas—highlighting the diverse approaches taken by banks across India. Tune in to understand what this means for customers and the broader banking landscape.

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