Friday, July 6, 2012

Financial inclusion: Are 63,000 more ATMs enough?

....At present, the country has more than 90,000 ATMs, according to the Reserve Bank of India. In a bid to encourage ATM transactions, the central bank had recently allowed non-bank entities to set up, own and operate ATMs, labelled white label ATMs. According to the RBI, ATM adoption by customers has modified personal banking in India and banks have played a major role in this.......

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