cash management

Nearly 50% ATMs may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday.(Bloomberg/Picture for representation)

50% ATMs in India may shut down by March, warns CATMi

By Indo Asian News Service | Mumbai
UPDATED ON NOV 21, 2018 04:39 PM IST
India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs, including 1,00,000 off-site and more than 15,000 white label ATMs, are expected to down their shutters, said a spokesperson of Confederation of ATM Industry.
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