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CONFEDERATION OF 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 ...- State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout ...
- 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 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 ...
- PayNearby launches own micro ATMs at retail shopsThe Confederation of ATM industry (CATMi) has announced its plans to shut down nearly 50 per cent of ATMs due to high maintenance cost of s...
- RBI constitutes committee to review ATM pricingThe 6 member committee will be headed by Indian Banks’ Association chief executive V G Kannan with a specific mandate to review the existin...
- Debit cards double in 5 years, but ATMs see only 20% riseWhile cash in circulation has jumped to Rs 21.36 lakh crore, the ATM network of banks has shrunk from 2.06 lakh a year ago to 2.02 lakh thi...
- Finance ministry asks banks to give preference to Indian firms for ATM procurementA finance ministry official said the directions are in accordance with the guidelines issued in 2017 by the then Department of Industrial P...
- 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.
- ET View: ATMs must not shut down, let banks bear the extra costsImplementing the infrastructure should be counted as an overhead cost for the bank and that must be defrayed.
- 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.
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