Banks May Be Penalised if ATM is Empty

After the Reserve Bank of India (RBI) announced a fine of Rs 10,000 for each instance of an ATM being out of cash, there are mixed reactions from the netizens. ATM operators and cash-in-transit companies are worrying that the banks may put pressure on them to bear the penalty. The RBI had released a circular to the banks saying that they should monitor the availability of cash

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