Categories: BUSINESS

ATMs reduce in India in FY25; fueled by shift to digital payments: RBI

The number of ATMs in India has decreased as digital payments gain traction, reducing the need for cash withdrawals. While private and public sector banks reduced their ATM networks, white label operators expanded. Bank branches, however, saw growth, particularly in rural and semi-urban areas, with basic savings accounts also increasing.
Sumitra

Share
Published by
Sumitra
4 months ago

Recent Posts

Drill, sanction, control: Inside the oil economics driving Trump 2.0

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding…

3 hours ago

RBL Bank net profit up 234% at Rs 230 crore

RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the…

3 hours ago

Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits

Intel's share price surged dramatically after exceeding first-quarter expectations, driven by strong demand in its…

1 day ago

From apps to arms: Sankaet Pathak and Silicon Valley’s patriotic pivot

1 day ago

Trump’s ‘Gold Card’ visa: One cleared, hundreds await as $1 million residency plan rolls out

The Trump administration's 'Gold Card' visa program, offering US residency for a $1 million fee,…

2 days ago

Global price shock: RBI warns of ‘second-round effects’ amid West Asia tensions

The RBI cautioned about potential second-round effects from the West Asia conflict, where supply shocks…

2 days ago