ATM Cash Crunch

CAGR of notes in circulation in value terms higher than volume terms last year

If you look at per-ATM daily transactions, rural areas have much higher numbers. That's why WLATMs focus on Tier-III and Tier-IV cities, says Maru

Many PSBs are in the process of rationalisation of ATMs

AIBEA general secretary CH Venkatachalam said that even 16 months since the demonetisation, many ATMs are still not re-calibrated for the newly designed banknotes

Income velocity based on currency with the public went down from 0.93 in October to 0.84 in March says a report from SBI's economic research department

The confederation of ATM Industry (CATMi) has been in talks with the regulators to raise interchange for the past three to four years

Senior Congress leader P Chidambaram asked the RBI to explain why there is a cash shortage when it claims it has printed and supplied sufficient cash

The bedrock of the issue is that authorities haven't been able to replenish cash lost as a result of Modi's 2016 ban

The government's push towards digital payments can also be one of the reasons behind the cash shortage, said an ATM executive

Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth