SBI savings bank account customers need to maintain a monthly average balance or MAB, which is the average of daily balances in the account during the month.
SBI will charge a fee ranging from Rs 50 to Rs 100 plus service tax in case of non-compliance with minimum balance requirements.
The second largest private lender's management hinted this trend of falling staff strength may continue as greater efficiencies set in.
Indian financial start-ups are "eager to reach Indias mostly unbanked population and capitalize on its tech-friendly regulatory environment," CBInsigts said.
The Reserve Bank of India, in its monetary policy review meet on April 6, kept the repurchase or repo rate - at which it lends to banks - unchanged at 6.25 per cent but increased reverse repo rate to 6 per cent from 5.75 per cent.
More than half of state-owned banks would breach at least one of the new thresholds, mainly owing to high NPLs, based on their latest financial reports," global ratings agency Fitch on Thursday said.
HDFC Bank is also offering "no extra cost" EMIs on payments made using its debit and credit cards.
The Jan Dhan tally, the finance ministry said, has reached Rs 63,971 crore in deposits and 22.14 crore Rupay cards.
Economists expect inflation to be at 5.0 per cent for the 2017-18 fiscal year. This compares with the latest predictions from the RBI, which sees the rate at 4.5 per cent in the first half of the year and 5.0 per cent in the second half.
The number of users for State Bank of India's mobile wallet app - State Bank Buddy - crossed the 10 million mark, India's biggest bank said on microblogging site Twitter.
The bank's net profit for 2016-17 came in at Rs 3,330.1 crore, up 31.1 per cent over the year-ago period.
Doubling of provisions restricted private sector IndusInd Bank's March quarter net profit growth to 21 per cent at Rs 751.61 crore.
The move is largely seen disincentivizing cheque payments, where the card company incurs additional processing cost.
The Skill Loan comes with an effective interest rate of 9.5 per cent, based on an MCLR or marginal cost of funds-based lending rate of 8 per cent.
Once the Finance Ministry ratifies the rate of interest approved by the Central Board of Trustees, it is credited into the account of EPFO members for that particular financial year.
Under the Lucky Grahak and Digi Dhan Vyapar schemes, 16 lakh customers and merchants have won Rs 258 crore of prize money.
As per the RBI website, Mr Buiter said at the lecture that the monetary policy of any central bank has an unavoidable fiscal dimension because the fiscal theory of seigniorage is the right way of thinking about the inherent fiscal dimension of monetary policy.
The BHIM App has already created a new world record by registering 1.9 crore downloads in just four months since its launch, an official statement said.
This was said in a tweet by India's largest lender SBI, which recently adopted a new brand identity after merger with five associate banks and Bharatiya Mahila Bank.