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ATM closure threat: RBI shouldn’t buckle
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
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Cash-out penalties may lead to closure of ATMs: CATMI
At present, about 42% of rural ATMs are loaded once a week, while 20% are loaded twice every week. The rest are loaded with cash on alternate days
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Return to pre-pandemic growth level is not enough: SBI chief
Experts have said swift vaccinations can allow the economy to overcome the pandemic woes.
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FIS study reveals 42% customers in 55+ age group do physical banking
Mobile wallet or bank apps, however, are the preferred banking medium across all age groups
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SBI General Insurance forges bancassurance tie-up with IDFC
Through the alliance, SBI General Life Insurance will offer a range of non-life insurance solutions
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Jan Dhan accounts: About 90% of beneficiaries in Ladakh have debit cards; only 35% have it in Manipur
Till March 31, 2021, 30.90 crore debit cards were issued to 42.2 crore beneficiaries
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Close some ATMs, but don’t sacrifice customer interest
Banks are reducing the number of ATMs but they should be done only after a careful consideration of the convenience they offer to vast sections of cus
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Credit card use at ATMs declines amid high interest rates
Monthly transactions at ATMs using credit cards have dropped to 4.64 lakh in November, 2020, nearly by a half since March 2020, according to the recen
