Wednesday, November 14, 2012

More than a lakh ATMs in India; SBI controls 59%

........The NPCI has been an umbrella organization created by the Reserve Bank of India, which acts as an umbrella body to monitor all payments through ATMs, and looking at transactions between banks regarding these machines. For this reason, the National Financial Switch is operational to monitor the connectivity and keep an eye on the registeration of the ATMs. Banks actually have to furnish details of their ATm network wherever there is one................

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