ETHICAL BANKING -- NEED OF THE HOUR -- RELEVANCE OF PENALTIES ON ACCOUNT OF NON MAINTENANCE OF MINIMUM BALANCES IN SB, CA

THE CURRENT DAY INDIAN BANKING OPERATIONS PRESCRIBE LEVY OF PENALTIES IF THE PRESCRIBED MINIMUM BALANCE IS NOT MAINTAINED BY SB AND CURRENT ACCOUNT HOLDERS.  WHAT IS THE RELEVANCE OF SUCH PENALTIES WHEN BANKS CHOOSE TO BRING IN EXISTANCE THE CONCEPT OF ZERO BALANCE ACCOUNTS.  WHY SHOULD THE SB AND CURRENT ACCOUNT HOLDERS SUBSIDISE SUCH PHENOMENON TO CONTINUE TO EXIST.

2) WHY BANKS WANT TO GET ENRICHED WITHOUT PERFORMING ANY SERVICE AND INSTEAD WANT TO EARN INCOME BY WAY OF IMPOSING PENALTIES ON THE GROUND OF NON MAINTENANCE OF MINIMUM BALANCES BY SAVINGS AND CURRENT ACCOUNT HOLDERS.