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CASH REPLENISHMENT
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- 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...
- Sebi panel weighs cap on clearing house dividendsRegulators are considering new rules for stock exchanges. A plan to limit dividends from clearing houses is gaining traction. Other proposa...
- For a match made in retail heaven, friction on earth can be realQuick commerce is transforming Indian retail. Platforms like Blinkit and Zepto now drive a significant portion of online sales for major FM...
- ATM cash loaders demand more money to cover increasing expensesCash logistics firms are urging banks for higher ATM replenishment fees due to escalating operational costs. Soaring fuel prices and increa...
- Indian agricultural sector under threat by trifecta of below-Normal Monsoon, El Nino, and West Asia war: ICRAIndia's agriculture sector may face a challenging year ahead amid concerns over weak monsoon, possible El Nino conditions, and fertiliser s...
- Falling rupee triggers curbs on FX positions; more steps likely to attract dollar inflowsThe Indian rupee fell to 95.28 against the US dollar on Tuesday, breaching the 95/$ mark. This decline has led to speculation that the cent...
- Cash withdrawals at ATMs rise 235% since 2016 demonetisationMaharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh together accounted for 43.1% of the total ATM cash replenished by CMS Info Sy...
- Banks get time till March 2023 to implement new system to replenish cash in ATMsIn April 2018, the regulator had asked banks to consider using lockable cassettes in their ATMs, which shall be swapped at the time of cash...
- Banks urge RBI to relax rules on ATM cash-outsBanks have requested the Reserve Bank of India to give relaxation on its recent guidelines on ATM cash replenishment whereby the regulator ...
- RBI to impose penalties on banks for failing to ensure cash availability at ATMs“It has been decided that the banks and White Label ATM Operators (WLAOs) shall strengthen their systems and mechanisms to monitor availabi...
- Banks get time till March 2022 to implement lockable cassettes swap system for ATMsFollowing representations received from banks citing difficulties in moving towards the lockable cassettes system, RBI has decided to exten...
- Indian consumers show zero loss of appetite for cashCash in circulation and ATM replenishment show that demand for banknotes has gone up.
- Cash management companies form SRO to address industry risksThe move is a part of the Reserve Bank directive to banks that came out in April for setting standards for engaging service providers in ca...
- No ATM to be replenished with cash after 9 pm from next yearThere are over 8,000 privately owned cash vans plying across India, operated by non-bank private agencies, and they handle over Rs 15,000 c...
- Banks expect more secure cash replenishment in ATMsIn its circular, the RBI had advised banks to review their existing outsourcing arrangements and bring them in line with these instructions...
- ATMs not to be replenished with cash after 9 pm: GovernmentThe deadline for putting money in the ATMs in cities would be 9 PM, 6 pm in rural areas, and 4 pm in Naxal-affected districts.
- Cashing out? ATMs will work but pain for public to remain for at least next 10 daysCash replenishment companies will need to ensure a steady supply to all the machines and are gearing up for the challenge.
- SIDBI VC invests in cash management startup RCIRCI, which currently provides cash replenishment services covering about 5,000 ATMs, is aiming to expand it to 45,000 ATMs in the next few ...
- Stricter norms for ATM cash handling companies likely: IBARobberies involving cash vans has made the Indian Banks Association come out with minimum eligibility criteria for cash replenishment agenc...
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