Banks are unable to meet the demand for cash, says ATM industry

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

At a time when the Reserve Bank of India (RBI) and banks are blaming the cash management companies for automated teller machines (ATMs) running dry, representatives of the ATM industry said it is banks that are unable to meet the demand for cash.

“ATM service providers do a daily calculation of the cash required, called indent, which is sent to banks in the night for the following day. Till March end, 90 per cent of the daily demand was being met by the banks. However, it has now reduced since the first week of April,” said V Balasubramanian, spokesperson of the