RBI Deputy Governor K C Chakrabarty has said the apex bank will have no objections if the banks charge reasonable fee on ATM transactions. Speaking to the reporters on the sidelines of an event in Mumbai last evening, Mr. Chakrabarty said ideally, the issue of charging customers for ATM usage should be left to competitive market forces and banks should be allowed the liberty to decide their own offerings. He said, till now, no request has come from the banks to raise the fees for transacting at ATMs. Mr. Chakrabarty said if banks are going into losses they will have no choice but to raise charges.Meanwhile, commenting on the recent Financial Stability Report's suggestion to reduce the cap on single entity or group exposure caps, Mr. Chakrabarty said, not only RBI but all international regulators are looking into risks of corporate exposure.
News On AIR | January 3, 2014 9:56 AM
No objection to reasonable fee on ATM transactions: RBI