90% Indians Earn Less Than Rs 25K/Month: Jay Kotak On ICICI Banks Decision To Hike Minimum Average Monthly Balance To Rs 50,000
New Delhi: Jay Kotak, son of Uday Kotak, has slammed ICICI Bank for raising the minimum average monthly balance for metro and urban savings account holders to Rs 50,000. According to Kotak, several middle-class employees in India still earn Rs 25,000 per month and a minimum balance of Rs 50,000 means that almost 94 percent…