The cost structure of automated teller machine (ATM) channels is likely to get an update.
The interchange fee paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs may be raised to 2023. Higher cash withdrawals, meanwhile, may soon attract an additional convenience charge.
Also, differential pricing may be deployed for customers in underpenetrated centres to aid withdrawals by direct benefit transfer (DBT) beneficiaries.
This is part of the recent deliberations between the Confederation of ATM Industry (Catmi) and the Reserve Bank of India (RBI). It comes amid fresh orders for ATMs and cash recycling machines hitting 45,000 between September 2023 and March 2024.
هذه القصة مأخوذة من طبعة April 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
360 One bets bigon health care, tech, financial services
360 One Asset, the private equity (PE) and venture capital (VC) fund, has launched Secondaries Fund with a base size of 4,000 crore and it has crossed the halfway mark, Sameer Nath, chief investment officer & head of PE-VC of the firm said on Tuesday.
Millennials, Gen Z driving demand for luxury car rentals
Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively
Spectrum auctions: Airtel likely to edge past Jio
Bharti Airtel may end up cumulatively bidding for more spectrum than market leader Reliance Jio in the upcoming auctions.
Maruti may set up 400 service outlets in FY25
Maruti Suzuki India (MSIL) plans to establish at least 400 service touchpoints in the 202425 financial year (FY25) to meet the needs of various locations across the country where car density is higher, its Executive Officer (Service) Ram Suresh Akella told Business Standard on Tuesda In the previous financial year, 202324 (FY24), India's largest carmaker added 400 service touchpoints, with 90 i the Nexa (premium) 101mat and the remaining 310 in the Arena (affordable) format.
Al, Cloud, super app: Adani group to bet big on tech
Planning to utilise sectoral data and train Al models
Hindalco looks to garner $945 mn via Novelis US IPO
To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn
FPIs turn net debt buyers ahead of index inclusion
10-year G-sec yield softens 20 bps in May so far
Fix mismatches between Form 26AS and 16 before tax filing
The first step in filing your income-tax return (ITR) should be to review and compare Form 26AS with Form 16.
Valuations may offset Divi's growth outlook
Divi's Laboratories, the country's second-largest pharma company by market capitalisation, saw its stock rise 5.7 per cent to a two-year high of 4,359 on the BSE in Monday's intraday trade.
Strong Q4 leads to upgrades for Hindalco
Industrial base metals major Hindalco delivered a strong consolidated performance during the January-March quarter (Q4) of FY24.