Mumbai, Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday. Currently, India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs[Read More…]
Tag: CATMi
Cash Crunch: ATM daily cash inflow plunges to 30%: CATMi
Mumbai: The daily cash flows into banks’ ATMs has fallen drastically since the first week of April and now is as low as 30 per cent for public sector banks, the Confederation of ATM Industry said on Tuesday. CATMi spokesperson V. Balasubramanian said that the ATM service providers do a daily[Read More…]