Just 30% of ATMs work as banks opt to hand out cash
- 7 years ago
MUMBAI: More than two-thirds of ATMs continued to run dry across the country till Friday as banks chose to distribute cash to customers through branches rather than refill machines that could be accessed by all debit card holders.
"We're having irregular inflow of cash. But at best, in any given week, the number of ATMs active in the country has not crossed 30% or 66,000 ATMs," said Sanjeev Patel, president, Confederation of ATM Industry (CATMI). According to CATMI, only 20% of 2.2L ATMs in the country are getting regularly loaded with cash, two months into demonetisation.
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"We're having irregular inflow of cash. But at best, in any given week, the number of ATMs active in the country has not crossed 30% or 66,000 ATMs," said Sanjeev Patel, president, Confederation of ATM Industry (CATMI). According to CATMI, only 20% of 2.2L ATMs in the country are getting regularly loaded with cash, two months into demonetisation.
Watch video for more details on this news clip.
Public TV brings to you the latest updates from all walks of life, be it politics or entertainment, religion or sports, crime or any other thing. Keep watching...
Read detail news at www.publictv.in
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