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ATMs in small hubs may run out of cash: Confederation of ATM Industry
ATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This leaves smaller towns without money, risking ATM shutdowns. Rising costs and fewer withdrawals add to the strain. The industry warns of a collapse if the situation continues.
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economictimes.indiatimes.com
ATMs in small hubs may run out of cash: Confederation of ATM Industry
ATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This leaves smaller towns without money, risking…
- ·
newsbytesapp.com
Why ATMs in small towns, cities are running dry
The Confederation of ATM Industry (CATMi) warns that uneven cash distribution, with SBI prioritizing tier 1 cities, may lead to shortages and shutdowns in tier 2 and tier 3 hubs.