ATM overhaul: Following RBI diktat, banks must do their bit now to protect customers' data and check fraud
The RBI, in June, 2018, directed banks and white-label ATM operators (WLAOs) to implement anti-skimming and white listing solutions by March 2019.
Empty ATMs: No clear reason given for cash crunch but Centre says RBI will ensure adequate supply of currency notes
While it is difficult to trace any specific reason for such massive cash withdrawals this year, analysts say that concerns over the health of banking system has also triggered savers to withdraw cash.
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.
US-headquartered NCR Corporation, which controls nearly half of the ATM market in the country, on Thursday said cash is coming back into the system and it does not feel threatened by the digitisation drive
The sole purpose of supplying Rs 200 notes through ATMs is to ensure more number of lower denomination currency in citizens' hands
The Finance Ministry after receiving reports from states, banks and other sources, reviewed the position regarding availability and distribution of all denomination of bank notes on Sunday after a review meet in New Delhi.
Banks have no money. ATMs have no currency notes. Their cassettes can't accommodate the new currency. Their staff can't service the eager mob.
Indian banks are supposed to have already received 2 trillion rupees of cash post the government’s 8 November “surgical strike” on high-denomination banknotes to turn the economy squeaky clean.
The role of the ATMs must come under scanner in the logistical nightmare that demonetisation has ushered in.