State-run banks have no plan to shut ATMs: Minister
14-December-2018
The public Sector banks (PSB) have no plans to shut down 50 per cent of their ATMs in the country, Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha on Friday.
Concerns were raised after the Confederation of ATM Industry (CATMi) last month said that nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations.
"As apprised by the public sector banks (PSBs), they do not have any plan to shut down nearly 50 per cent of ATMs by March 2019," Shukla said in a written reply to a question raised in the House.
Replying to another question, he said that 2.21 lakh ATMs were deployed in the country as on September 30, as reported by the Scheduled Commercial Banks, Small Finance Banks, Payment Banks and White Label ATM Operators.-IANS
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs
Firing At Salman Khan’s Mumbai Residence: Delhi Police Launch Probe