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State-Run Banks Have No Plans To Shut ATMs: Minister Tells Parliament

Saturday, December 15, 2018, 10:51 AM

The public Sector banks (PSB) have no plans to shut down 50% of their ATMs in the country, Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha. Concerns were raised after the Confederation of ATM Industry (CATMi) last month said that nearly 50% of the Automated Teller Machines (ATMs) may close down by March 2019 due to unviability of operations.

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