Of late, I have been reading a lot of news on ATMs in India. Be it the number of on-site and off-site ATMs set up by different types of banks from the RBI website or distribution in different population centres like Rural, Semi Urban, Urban and Metro Cities or comparison with number of branches vs. ATMs by banks. It is very interesting to note that the first ATM in India was from HSBC Bank in 1987 which means the Indian banking industry got to celebrate Silver Jubilee year in 2012 (this year). So much of advancement also took place in these long years with a wide variety of ATMs being introduced by our banks.
Cross Selling has been taking place through ATMs in a big way. News items have been appearing about ATMs being stolen away by miscreants or innovative frauds being perpetrated by scamsters. These are the counter-productive outcomes, of course. But, it is heartening to note that as on March 31, 2011 as against 74,100 branches of all banks in the country, the number of ATMs have surpassed with a number at 74,500. Great show indeed.
Cross Selling has been taking place through ATMs in a big way. News items have been appearing about ATMs being stolen away by miscreants or innovative frauds being perpetrated by scamsters. These are the counter-productive outcomes, of course. But, it is heartening to note that as on March 31, 2011 as against 74,100 branches of all banks in the country, the number of ATMs have surpassed with a number at 74,500. Great show indeed.
1 comment:
Wow!!! good to know about ATMs' brief history sir. Thank you for your take on this topic. All the best
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