Therefore, apart from the Rs 10,000 crores collected by public sector banks, private banks would have also collected a hefty sum of money. Data for such banks was, however, not included in the numbers provided in the Parliament. The questions in response to which the figures were shared with the Parliament was posed by Lok Sabha MP Dibyendu Adhikari. The ministry said the Reserve Bank of India (RBI) had permitted banks to fix charges on various services rendered by them, as approved by their boards. The banks are to ensure that the charges are reasonable and not out of line with the average cost of providing these services. The ministry also said public sector banks had informed that they do not have any plans to shut down their ATMs. This was in response to the question on whether the government proposes to withdraw 50% of total ATM services in the country by March 2019.
The ministry also said public sector banks had informed that they do not have any plans to shut down their ATMs.