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Mumbai: Two students arrested for ATM fraud of Rs 1 crore

Monday, February 4, 2019, 12:35 PM

Two college students, Rajasthan's 19-year-old Asif Khan and Haryana's 21-year-old Asmat Khan, were arrested in Mumbai for allegedly cheating over 10 banks of Rs 1 crore. The duo used to switch off ATM machines seconds before they dispensed money. After withdrawing the cash, they claimed that the money was debited from their accounts despite incomplete transactions and demanded refunds from banks.
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Soon, all metro stations in Delhi-NCR to have ATMs

Monday, January 21, 2019, 12:24 PM

Soon, you don't have to get out of metro stations in Delhi and NCR to withdraw cash from ATM. Delhi metro is planning to install at least one ATM machine on every station on its network. According to a report, Delhi Metro Rail Corporation(DMRC) has invited expression of interest from banks and non-bank entities to install ATM at its premises across the Delhi NCR-area.
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"Digital Transactions Not Universal": RBI Told To Solve Dry ATM Issue

Sunday, January 6, 2019, 1:25 PM

A parliamentary panel has asked the RBI to address the problem of perpetually dysfunctional ATMs so as to avoid a situation of forced cash crunch. The Standing Committee on Finance has also asked banks to install adequate number of ATMs. The panel tabled its report in Parliament last week. As per RBI data, there were 2,21,492 ATMs in the country as at September-end 2018.

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