LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

From 2.08 Lakh, Number of ATMs Declines to 2.07 Lakh in 2018, Says RBI Report

Similarly, the number of operational on-site ATMs too came down to 1.06 lakh during the year from 1.09 lakh in FY17, while that of off-site ATMs increased to 1 lakh from 98,545.

PTI

Updated:December 28, 2018, 5:32 PM IST
facebookTwittergoogleskypewhatsapp
From 2.08 Lakh, Number of ATMs Declines to 2.07 Lakh in 2018, Says RBI Report
Image for representation.
Loading...
Mumbai: The number of ATMs has declined marginally to 2.07 lakh in FY18 from 2.08 lakh in FY17, primarily due to branch rationalisation by a few public sector banks, the Reserve Bank said in its annual report Friday.

Similarly, the number of operational on-site ATMs too came down to 1.06 lakh during the year from 1.09 lakh in FY17, while that of off-site ATMs increased to 1 lakh from 98,545.

"In FY18, the number of ATMs of state-run banks declined to 1.45 lakh from 1.48 lakh in FY17," the RBI said in the 'Trends & Progress of Banking in 2017-18' report.

However, private sector banks installed more ATMs taking their total number to 60,145 in FY18, up from 58,833 in the previous fiscal year, the central bank report said. The report said during the period between April 2018 and August 2018, the number of ATMs (excluding that of small finance banks and payment banks) declined further to 2.04 lakh, which it attributed to the increasing use of electronic means of payments.

During the same period, robust growth was observed in deployment of points-of-sale (PoS) terminals across the country, the report added.
The growth of white-label ATMs has also tapered off in recent years, although the number of such ATMs crossed 15,000 -mark in FY18.

Pre-paid payment instruments maintained robust growth in terms of volume and value, despite deceleration from the demonetisation-induced spurt.

"Transactions through Pre-paid payment instruments, which stood at a low Rs 8,100 crore in 2013-14, jumped manifold in subsequent years to reach Rs 1.42 trillion in FY18," the report said.

During FY18, 91.5 crore transactions worth Rs 1.09 trillion were routed through the unified payments interface (UPI) which rose to 157.9 crore in volume worth Rs 2.67 trillion in the first half of FY19, it said.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Sun Pharma 386.90 -9.30
Reliance 1,179.30 3.95
Jet Airways 279.65 -1.98
Yes Bank 197.60 -1.94
HUL 1,738.55 -0.74
Company Price Change %Gain
Sun Pharma 386.70 -9.47
Reliance 1,178.20 3.92
ICICI Bank 371.50 -0.50
Jet Airways 279.80 -1.76
Yes Bank 197.50 -1.96
Top Gainers
Company Price Change %Gain
Reliance 1,179.20 3.94
Wipro 344.85 2.82
Kotak Mahindra 1,240.50 1.68
ONGC 146.95 1.34
Hindalco 208.45 1.19
Company Price Change %Gain
Reliance 1,178.20 3.92
Kotak Mahindra 1,238.50 1.51
ONGC 146.80 1.17
Asian Paints 1,400.00 0.76
HCL Tech 962.25 0.78
Top Losers
Company Price Change %Gain
Sun Pharma 387.00 -9.27
Bharti Airtel 310.85 -6.38
GAIL 323.10 -2.80
Larsen 1,315.60 -2.26
HPCL 239.30 -2.01
Company Price Change %Gain
Sun Pharma 386.70 -9.47
Bharti Airtel 310.65 -6.52
Larsen 1,315.75 -2.26
Yes Bank 197.40 -2.01
Axis Bank 664.10 -1.80

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results