RBI set up six-member committee to review ATM interchange fee structure
Mumbai, June 12 -- In a bid to give a fillip to the ATM deployment in the unbanked areas, the Reserve Bank of India (RBI) has formed a six-member committee to review the ATM interchange fee structure.
VG Kannan, Chief Executive Officer of the Indian Banks' Association, will lead the review panel.
Dilip Asbe, Chief Executive Officer, National Payments Corporation of India; Giri Kumar Nair, Chief General Manager, State Bank of India; S Sampath Kumar, Group Head, Liability Products, HDFC Bank; K Srinivas, Director, Confederation of ATM Industry; and Sanjeev Patel, Chief Executive Officer, Tata Communications Payment Solutions have been named as the members of the review committee.
The decision to form a committee to review ATM interchange fee...
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