In King Cash's castle: Businesses in disarray, RBI to take a closer look

The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments

Last week, the Reserve Bank of India (RBI) held a stock-taking meeting with the Cash Logistics Association (CLA). A key issue that figured in the discussions was ATM cassette-swaps — lockable trays for cash replenishment, as opposed to loose loading. Introduced on April 18, 2018, they were to be added, the RBI had made clear, in a phased manner to cover “at least one-third of ATMs” every year. The process was to be completed by FY21.
 

Two extensions (the latest will lapse by the end of FY23), and four years after the first diktat, it appears the deadline may again