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LATEST NEWS UPDATES | 30% ATMs of PSUs non-functional due to snags, no cash: RBI survey

30% ATMs of PSUs non-functional due to snags, no cash: RBI survey

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published Published on Jul 30, 2016   modified Modified on Jul 30, 2016
-PTI

New Delhi: An RBI survey has found that 30% ATMs of public sector banks and 10% belonging to private banks were non-functional due to technical snags and no cash, among other reasons.

In a written reply to the Lok Sabha, minister of state for finance Santosh Kumar Gangwar said RBI has informed that it recently conducted a “representative sample survey” of about 4,000 ATMs situated in metro, semi-urban, urban and rural areas across the country.

“Primaryfindings of the survey has revealed that around 30% of the ATMs (600) of public sector banks and 10% (100) ATMs of private sector banks surveyed were non functioning/malfunctioning,” he said.

The majorreasons for non-functioning/malfunctioning of ATMs noticed in the survey were -- technical snag, non - availability of network, power failure and non-availability of cash.

“The report does not explicitly capture bank-wise data on non-functioning/malfunctioning of ATMs surveyed,” the minister said.

Till May 2016, there were 102779 on-site ATMs of banks besides 111492 off-site ATMs across the country.

Hindustan Times, 29 July, 2016, http://www.hindustantimes.com/business-news/30-atms-of-psus-non-functional-due-to-snags-no-cash-rbi-survey/story-zyvF5gdHSd3TGO4tulCaWL.html


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