Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | ATM expansion slows due to note ban -Manojit Saha    </title>
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-The Hindu

Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations

A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks..."/>
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-The Hindu

Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations

A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations<br /></em><br />A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed.<br /><br />According to Reserve Bank of India (RBI), there were 98,092 off-site ATMs in June 2017 against 99,989 in the same month last year. However, on-site (located within a branch) ATMs rose to 110,385 from 101,346 in the same period.<br /><br /><em>&lsquo;Cash crunch&rsquo;<br /></em><br />According to bankers, demonetisation, which led to cash crunch, was one of the factors that impacted ATM expansion.<br /><br />&ldquo;Yes, it is true that ATM expansion has slowed,&rdquo; said a senior official of a large public sector bank on the condition of anonymity.<br /><br />&ldquo;Since there was shortage of cash post-November, we decided to go slow on this,&rdquo; the official said.<br /><br />The number of ATMs added between June 2016 and June 2017 was a little more than 7,000 while in the comparable period of the previous year, banks had added almost 16,000 ATMs and more than 18,500 in the year before. The total number of ATMs in the country in June 2017 was 2,08,477 as compared with 2,01,335 a year ago.<br /><br />Large retail-focussed banks like ICICI Bank and HDFC Bank&rsquo;s off-site ATM numbers show a declining trend over the last one year.<br /><br />While HDFC Bank&rsquo;s off-site ATMs decreased to 5,845 from 6,391, ICICI Bank saw the number cut to 8,639 from 9,274. Its overall ATM number at June-end was also lower than in the same month of the previous year.<br /><br />But SBI&rsquo;s ATM numbers saw a sharp increase as it merged five of its associate banks and Bharatiya Mahila Bank on April 1, 2017.<br /><br />Please <a href="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true" title="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true" class="re" target="_blank">The Hindu, 7 August, 2017, http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true</a><div class="clear"></div>
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                            <div align="justify">-The Hindu<br /><br /><em>Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations<br /></em><br />A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed.<br /><br />According to Reserve Bank of India (RBI), there were 98,092 off-site ATMs in June 2017 against 99,989 in the same month last year. However, on-site (located within a branch) ATMs rose to 110,385 from 101,346 in the same period.<br /><br /><em>&lsquo;Cash crunch&rsquo;<br /></em><br />According to bankers, demonetisation, which led to cash crunch, was one of the factors that impacted ATM expansion.<br /><br />&ldquo;Yes, it is true that ATM expansion has slowed,&rdquo; said a senior official of a large public sector bank on the condition of anonymity.<br /><br />&ldquo;Since there was shortage of cash post-November, we decided to go slow on this,&rdquo; the official said.<br /><br />The number of ATMs added between June 2016 and June 2017 was a little more than 7,000 while in the comparable period of the previous year, banks had added almost 16,000 ATMs and more than 18,500 in the year before. The total number of ATMs in the country in June 2017 was 2,08,477 as compared with 2,01,335 a year ago.<br /><br />Large retail-focussed banks like ICICI Bank and HDFC Bank&rsquo;s off-site ATM numbers show a declining trend over the last one year.<br /><br />While HDFC Bank&rsquo;s off-site ATMs decreased to 5,845 from 6,391, ICICI Bank saw the number cut to 8,639 from 9,274. Its overall ATM number at June-end was also lower than in the same month of the previous year.<br /><br />But SBI&rsquo;s ATM numbers saw a sharp increase as it merged five of its associate banks and Bharatiya Mahila Bank on April 1, 2017.<br /><br />Please <a href="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true" title="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations

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    <h1 class="cat-box-title">ATM expansion slows due to note ban -Manojit Saha</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Replacement of systems more than 7 years old, Centre&rsquo;s digital push lead to cutting down on new installations<br /></em><br />A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed.<br /><br />According to Reserve Bank of India (RBI), there were 98,092 off-site ATMs in June 2017 against 99,989 in the same month last year. However, on-site (located within a branch) ATMs rose to 110,385 from 101,346 in the same period.<br /><br /><em>&lsquo;Cash crunch&rsquo;<br /></em><br />According to bankers, demonetisation, which led to cash crunch, was one of the factors that impacted ATM expansion.<br /><br />&ldquo;Yes, it is true that ATM expansion has slowed,&rdquo; said a senior official of a large public sector bank on the condition of anonymity.<br /><br />&ldquo;Since there was shortage of cash post-November, we decided to go slow on this,&rdquo; the official said.<br /><br />The number of ATMs added between June 2016 and June 2017 was a little more than 7,000 while in the comparable period of the previous year, banks had added almost 16,000 ATMs and more than 18,500 in the year before. The total number of ATMs in the country in June 2017 was 2,08,477 as compared with 2,01,335 a year ago.<br /><br />Large retail-focussed banks like ICICI Bank and HDFC Bank&rsquo;s off-site ATM numbers show a declining trend over the last one year.<br /><br />While HDFC Bank&rsquo;s off-site ATMs decreased to 5,845 from 6,391, ICICI Bank saw the number cut to 8,639 from 9,274. Its overall ATM number at June-end was also lower than in the same month of the previous year.<br /><br />But SBI&rsquo;s ATM numbers saw a sharp increase as it merged five of its associate banks and Bharatiya Mahila Bank on April 1, 2017.<br /><br />Please <a href="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true" title="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true" class="re" target="_blank">The Hindu, 7 August, 2017, http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true</a><div class="clear"></div>
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ATM expansion slows due to note ban -Manojit Saha

Published on Aug 7, 2017   Modified on Aug 7, 2017

-The Hindu Replacement of systems more than 7 years old, Centre’s digital push lead to cutting down on new installations A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed. According to Reserve Bank of India (RBI), there were 98,092 off-site ATMs in June 2017 against 99,989 in the same month last year. However, on-site (located within a branch) ATMs rose to 110,385 from 101,346 in the same period. ‘Cash crunch’ According to bankers, demonetisation, which led to cash crunch, was one of the factors that impacted ATM expansion. “Yes, it is true that ATM expansion has slowed,” said a senior official of a large public sector bank on the condition of anonymity. “Since there was shortage of cash post-November, we decided to go slow on this,” the official said. The number of ATMs added between June 2016 and June 2017 was a little more than 7,000 while in the comparable period of the previous year, banks had added almost 16,000 ATMs and more than 18,500 in the year before. The total number of ATMs in the country in June 2017 was 2,08,477 as compared with 2,01,335 a year ago. Large retail-focussed banks like ICICI Bank and HDFC Bank’s off-site ATM numbers show a declining trend over the last one year. While HDFC Bank’s off-site ATMs decreased to 5,845 from 6,391, ICICI Bank saw the number cut to 8,639 from 9,274. Its overall ATM number at June-end was also lower than in the same month of the previous year. But SBI’s ATM numbers saw a sharp increase as it merged five of its associate banks and Bharatiya Mahila Bank on April 1, 2017. Please click here to read more.

The Hindu, 7 August, 2017, http://www.thehindu.com/business/Economy/atm-expansion-slows-due-to-note-ban/article19440086.ece?homepage=true

Tagged with: cash crunch Demonetisation ATM transactions ATMs

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