There
is absolutely no justification for banks to approach RBI to hike the
ATM charges. The banks enjoy a lot of free float funds, low cost /free funds
from SB and Current account holders and they also save a lot in the
cost of funds by having ATMs. The technology was encouraged basically
to improve the customer service at lower costs, to reduce the cost of
funds and enhance efficiency and productivity in banks. The banks have a
tendency to exploit the depositors by all means as they are hapless
lots and not capable of giving any resistance. The borrowers are allowed
to loot merrily and the loss is also passed on to depositors. RBI has
to have a serious view of banks inefficient way of functioning before it
takes a view in respect of ATM Charges.
Dr.T.V.Gopalakrishnan
(This comment has appeared in TOI, Business Line, ET and BS dated 7/1/14).
(This comment has appeared in TOI, Business Line, ET and BS dated 7/1/14).
No comments:
Post a Comment