Atms

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Atms - Total results - 205
ATMs run dry: Currency supplies improved but cash crunch persists, say bank officials
Business

ATMs run dry: Currency supplies improved but cash crunch persists, say bank officials

Currency supply to ATMs and branches has improved but cash crunch still persists in the system which would be normalised soon, bank officials said on Friday

Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
Business

Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story

SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.

Cash crunch: Currency stocks have not kept pace with the demand; Indians apathy for digital transactions also to be blamed
Business

Cash crunch: Currency stocks have not kept pace with the demand; Indians apathy for digital transactions also to be blamed

Currency stocks should have been adequate for country's average requirements–if Indians had adopted digital transactions at the scale Prime Minister Narendra Modi’s government envisaged after demonetisation

ATMs run dry: RBI governor Urjit Patel should quit, demands bank union
Business

ATMs run dry: RBI governor Urjit Patel should quit, demands bank union

The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country

Currency shortage: Printing presses operating 24x7, generating Rs 500, Rs 200 notes, says govt official
Business

Currency shortage: Printing presses operating 24x7, generating Rs 500, Rs 200 notes, says govt official

The government has ramped up printing of currency notes and is operating all the four presses 24x7, an official said on Thursday amid ATMs running dry in many parts of the country

With ATM's running dry, SBI customers can withdraw cash from 4.78 lakh PoS machines free of charge
Business

With ATM's running dry, SBI customers can withdraw cash from 4.78 lakh PoS machines free of charge

As per the RBI guidelines, the withdrawal limit from PoS machines at retail outlets in Tier 1 and 2 cities is Rs 1,000 per card, per day and Rs 2,000 in smaller towns.

Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation
Business

Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation

Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP.

Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors
Business

Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors

Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
Business

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions

The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.

Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi
Business

Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi

As on date, one in every two of the nearly 3000 ATMs in Hyderabad do not have cash.

Cash crunch: Mobile wallet companies see spike in digital transactions
Business

Cash crunch: Mobile wallet companies see spike in digital transactions

Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country

Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr
Business

Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr

Even as government and Reserve Bank of India (RBI) have asserted that there is no currency shortage, SBI Research on Wednesday pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs

Currency shortage: Cash situation at ATMs improving, says State Bank of India
Business

Currency shortage: Cash situation at ATMs improving, says State Bank of India

India's largest lender SBI said on Wednesday that cash availability at its ATMs has increased in the past 24 hours following reports of currency shortages and ATMs running dry from different parts of the country

Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India
Business

Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India

Going beyond demand and supply factors, the reason for the cash crunch could be a simple case of the RBI not printing enough notes to keep pace with demand.

ATMs go dry nationwide: Delay in recalibration of cash vending machines for Rs 200 notes led to cash crunch, say sources
Business

ATMs go dry nationwide: Delay in recalibration of cash vending machines for Rs 200 notes led to cash crunch, say sources

The drive to recalibrate ATMs following introduction of Rs 200 notes was soon started but got delayed in some parts of the country.

ATMs run dry: From cropping season demand to election funding needs, theories abound on cash crunch
Business

ATMs run dry: From cropping season demand to election funding needs, theories abound on cash crunch

With banks giving their service providers almost 40-50 percent less cash for ATMs, currency is rationed to ATMs depending on the locality and the demand for money

Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked
Business

Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked

RBI said it is taking steps to move currency to areas which are witnessing unusually large cash withdrawals

ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch
Business

ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch

Currency hoarding by political parties for elections, and the RBI’s failure to bridge the gap between the two high denomination notes probably triggered the cash crunch.

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency
Business

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency

As opposed to an average cash demand of about Rs 20,000 crore a month, "in the first 13 days of April itself there was a demand of Rs 45,000 crore

Cash crunch: There is more than adequate currency in circulation, says FM Arun Jaitley
Business

Cash crunch: There is more than adequate currency in circulation, says FM Arun Jaitley

Allaying fears of currency shortage in the country, Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and "there is more than adequate currency in circulation"