RBI constituted a committee

Prelims level : Mains level :
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  • 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.
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