https://www.taxtmi.com/article/detailed?id=10007 The Reserve Bank's Scheme of Penalty for Non-replenishment of ATMs (effective October 1, 2021) requires banks and banks supplying cash to WLAs to monitor ATM cash availability, submit system-generated monthly statements of downtime due to non-replenishment to the RBI, and subjects any ATM out-of-cash for more than ten hours in a month to a flat monetary penalty charged to the bank meeting that ATM's cash requirement, with the bank able to recover the penalty from the WLA operator. en-us Fri, 17 Sep 2021 10:18:27 +0530 Fri, 17 Sep 2021 10:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10007 The Reserve Bank's Scheme of Penalty for Non-replenishment of ATMs (effective October 1, 2021) requires banks and banks supplying cash to WLAs to monitor ATM cash availability, submit system-generated monthly statements of downtime due to non-replenishment to the RBI, and subjects any ATM out-of-cash for more than ten hours in a month to a flat monetary penalty charged to the bank meeting that ATM's cash requirement, with the bank able to recover the penalty from the WLA operator. Articles Corporate Laws / IBC / SEBI Fri, 17 Sep 2021 10:18:27 +0530 https://www.taxtmi.com/article/detailed?id=10007