alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News ATMs

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Parliamentary panel asks RBI to fix dysfunctional ATMs

Sunday, January 6, 2019, 7:43 PM

A parliamentary panel has asked Reserve Bank to address the problem of perpetually dysfunctional ATMs so as to avoid any 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 data of RBI, there were 2,21,492 ATMs in the country as at September-end 2018.
News Image

Why ATM operators are threatening to close half the ATMs

Monday, December 3, 2018, 8:24 AM

ATM operator companies are demanding that either banks bear the additional expenditure incurred on the upgrades and security measures or reimburse the operators. According to the Reserve Bank of India, there are 221,492 ATMs in the country as of September. We take a look at what are the issues that are being raised, why have they come-up now and how can these be resolved.
News Image

Over 1 lakh ATMs face risk of closure

Thursday, November 22, 2018, 6:27 PM

Increased costs to meet new security norms may force ATM operators to close the money-dispensing machines. A non-profit trade association warned that nearly 50% of the country's 2.38L ATMs face risk of being shut down due to fresh guidelines issued by the RBI. The ATMs may cease to exist as early as March-2019. The industry body said the move will drastically impact "non-urban" areas.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!