Private banks collect ₹4,948.71 crore in minimum-balance charges in FY26
HDFC Bank collected ₹1,798.14 crore and Axis Bank ₹1,081.33 crore, together contributing about 58% of private-bank minimum-balance charges. Public-sector banks collected ₹2,137.92 crore, while ECLGS 5.0 offers emergency credit support for eligible MSMEs and other businesses.
What happened
Private banks collected Rs 4,948.71 crore in FY26 minimum-balance charges, led by HDFC Bank and Axis Bank. The government also highlighted ECLGS 5.0, offering
Key facts
- Rs 4,948.71 crore collected by private banks as minimum-balance charges in FY26
- Rs 2,137.92 crore collected by public sector banks
- HDFC Bank: Rs 1,798.14 crore
- Axis Bank: Rs 1,081.33 crore
- HDFC Bank and Axis Bank accounted for about 58% of private-bank collections
- ECLGS 5.0 outlay: Rs 2.55 lakh crore
- Rs 5,000 crore earmarked for airlines
- 100% guarantee for MSMEs and 90% for non-MSMEs and passenger airlines
Why this matters
Banks, fintechs and retail ecosystems have an opening to build low-balance, bundled-account and MSME-credit propositions, especially as ECLGS 5.0 expands emergency funding options for eligible businesses.