As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018. Photo: Ravi Choudhary/HTNew Delhi: A parliamentary panel has asked the Reserve Bank to address the problem of perpetually dysfunctional ATMs so as to avoid any situation of forced cash crunch. The Standing Committee on Finance has also asked banks to install adequate number of ATMs. As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018. These include 1,43,844 ATMs of public sector banks, 59,645 ATMs of private banks and 18,003 of foreign banks, payments banks, small fiance banks and White Label ATMs (WLAs), which are owned and operated by non-bank entities.

Source: Mint January 06, 2019 05:48 UTC