RBI while deciding the number of free transactions through ATMs, should
also factor in the free float funds enjoyed by banks free of cost, the
amounts written offs per annum because of bad loans, the establishment
costs incurred which are non essential and avoidable, etc. The very
thought of charging the ATM users is atrocious and cannot be permitted
as the depositors are already an exploited lot taking into consideration
the low SB interest rate, low FD rates and cross subsidisation of bad
borrowers by all stake holders etc. It is better for banks to avoid the
wrath of deposit Customers especially when the savings of households in
banks are shrinking.
Dr.T.V.Gopalakrishnan
(This comment is published in Business Line).
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