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 Rs 20 to Rs 23.
The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments.
Alok Chandra, an IIM Kozhikode alumnus, shares his advice for students preparing to take the CAT this year.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
Interchange fee is the amount charged by ATM operators for every transaction.
Many PSBs are in the process of rationalisation of ATMs
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