RBI constituted a committee
13, Jun 2019
Prelims level :
Mains level :
CONTEXT:
- The RBI has constituted a 6-member committeeto review the entire gamut of ATM charges and fees.
- Chief Executive of Indian Banks’ Association VGKannan will chair the committee.
- The committee will review existing patterns of costs, charges and interchange fees for ATMtransactions.
- It is to submit its report within two months from the date of its first meeting.