ATMs
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Using credit cards at bank ATMs? Beware! Do this right now! Here is why
Wed, Jan 16, 2019
According to RBI data, the number of outstanding credit cards as at the end of July stood at 40153868. Among these, a total of 804,212 transactions were made using credit cards at ATM amounting to Rs 3,723 million.
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50% of bank ATMs in India may close down, warns CATMi
Thu, Nov 22, 2018
Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned Wednesday.
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Cash crisis at ATMs: Deposits rise as govt battles currency crunch
Thu, Apr 19, 2018
While the government on Tuesday accepted the shortage of cash in the ATMs in certain states, it has not been able to ascertain the exact reason behind the sudden spike. Speculations such as hoarding of black money and linking it with Karnataka elections are doing rounds.
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ATM currency crisis: What is to blame? Huge withdrawals in Telangana, Andhra, Karnataka
Wed, Apr 18, 2018
The total requirement of paper currency is 25,000 tonnes but that has not been met, sources said. The Centre has not attributed any particular reason for the cash dearth as ATMs dried up in many parts of the country and said it’s a temporary problem. “Overall there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ (in demand) in some areas is being tackled quickly,” Finance Minister Arun Jaitley said in a tweet.
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RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
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