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How banks are fleecing customers https://www.youtube.com/watch?v=vjOzAXjENRk Thomas Franco in The News Minute on
May 14, 2025 The Reserve Bank of India (RBI) has issued new guidelines on ATM operations across the country, covering aspects like security measures, transaction limits, and applicable fees. These norms determine the number of free transactions a customer can make at their own bank’s ATMs and those of other banks. Beyond these limits, customers are charged a transaction fee. The RBI also regulates ATM maintenance, cash loading, and security protocols. Thomas Franco, former General Secretary of the All India Bank Officers Confederation (AIBOC), raises concerns over how banks are increasingly turning into fund providers for corporates while neglecting the needs of the middle class. , Franco stresses the importance of banks playing an active role in building the inclusive development of the country.
Issue of duplication of EPIC numbers resolved, says EC - https://www.thehindu.com/news/national/issue-of-duplication-of-epic-numbers-resolved-says-ec/article69571934.ece It was found that on average, around one voter in four polling stations faced the issue of EPIC number duplication, the sources added. There are about 1,000 electors per polling station... “During the field-level verification, it was found that holders of such similar EPIC numbers were genuine electors in different Assembly constituencies and different polling stations. All such electors have since been issued new EPIC cards with new numbers,” a senior official of the poll body told The Hindu.
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