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CATMI ATM INDUSTRY
We still need cash in ATManirbhar BharatDespite the rise of digital payments, cash remains essential, yet ATMs are increasingly running out of money. Banks are reducing their ATM ...- ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
- ATM operators seek Rs 2 hike in interchange fee for viabilityThe Confederation of ATM Industry, or CATMI, wants this fee to be raised to a maximum of Rs 23 per transaction to ensure more funding commi...
- ATM manufacturers seek higher interchange ratesThe ATM manufacturers argue that the costs of operating ATMs have risen due to factors such as increased interest rates, rupee depreciation...
- ATM companies ask RBI to nix stiff cashout penalties, says it'll lead to shutdownsOnly 20% of ATMs in rural areas are loaded with cash twice, whereas 42% of the ATMs are loaded only once a week.
- ATM industry seeks lower GST rate, stimulus to address COVID-19 challengesIn a letter to Finance Minister Nirmala Sitharaman, the Confederation of ATM Industry (CATMi) mentioned that it has been recognised by the ...
- ATM operators seek higher fees on withdrawalsBesides, free withdrawals may be capped at 3 for urban areas in place of the current 5 free transactions.
- ATM transaction charges for other bank ATMs likely to change: RBI sets up review panelNormally, a certain number of such transactions are allowed free by the issuing bank.
- PSBs do not have any plan to close ATMs: GovernmentApart from ATMs, banking services across the country are provided through bank branches, inter-operable business correspondents (BCs) with ...
- Why they say half of ATMs will shut down by March next yearATM is certainly not a growing business. That only adds to the problem of bearing the regulatory cost.
- No major plan to reduce ATMs: PNBThe statement comes a day after the Confederation of ATM Industry (CATMi) said changes in the regulatory landscape are making it unviable t...
- Half of India's ATMs may close down by March 2019, warns CATMiA majority of the ATMs which can be shut down will be in the non-urban areas, CATMi said.
- Rs 100 crore needed to recalibrate ATMs for new Rs 100 notes: CatmiATMs will need to be calibrated for new Rs 100 note issued by the RBI, which is time consuming and a big cost on an already struggling indu...
- ATM body urges RBI to correct fee structure to curb lossesIt says the latest RBI direction to reconfigure cash vending machines will increase their cost by at least 25 per cent, leaving them unviab...
- After Delhi and Tamil Nadu, Karnataka has third highest ATM densityRural Karnataka is underserved when compared to Bengaluru city, having 12 ATMs/lakh population, a far cry from the latter’s 52 ATMs/ lakh, ...
- Cash crunch: ATMs are getting only 30% of cash they ask forCash levels at the ATMs had come back to the pre-demonetisation levels in March and operations were normal despite it being the last month ...
- ATMs to turn costly under GST, small banks to be hitWith the machines becoming more expensive, smaller banks and newly-licensed small finance banks could slow down deployment of teller machin...
- Withdrawal cap hike may add to losses of ATM companiesLobbying by banks to reduce the number of free transactions to three from five could lead to fewer transactions which will add to ATM opera...
- Just 30 per cent of ATMs work as banks opt to hand out cashCompared to the average of 10 withdrawals that banks mange through tellers in an hour, ATMs are able to manage twice the number.
- ATM growth slows to 1% in Q1 as transactions dipATM growth of private sector banks has been steadily declining from 50% in FY12 to practically zero growth in the Mar-Jun '14 quarter.
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