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Why they say half of ATMs will shut down by March next year

Saturday, November 24, 2018, 7:56 AM

ATM operators have warned that half of the 2.38 lakh machines in the country might face closure by March next year. The Confederation of ATM Industry (CATMi) says new rules issued by the government and RBI would hike the cost of running an ATM making it an unviable business. PNB is one of the largest ATM service-providers with 9,428 ATMs all over the country.
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Government transfers over Rs 1,600 crore to 48.5 lakh mothers under PMMVY

Saturday, November 24, 2018, 7:53 AM

The government has transferred over Rs.1,600 crore to eligible mothers under Pradhan Mantri Matru Vandana Yojana through direct benefit transfer till Friday, CDFI that uses technology for financial inclusion said. "Rs 16,04,66,63,000 transferred through direct benefit transfer to 48.5 lakh women," CDFI said. The non-profit organisation CDFI conceptualised, designed and implemented the PMMVY-CAS (Common Application Software) System through which disbursements were made.
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Sunil Mittal was once in crisis for want of Rs 5,000!

Saturday, December 16, 2017, 9:13 PM

There was a time when one of the richest men in India was in a deep financial crisis for the want of Rs 5000. Sunil Mittal was once the owner of a bicycle spare parts business, long before he changed the world of telecommunication with Bharti Airtel. "That was the time when people did not write cheques for funding," said Mittal.

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