New rules may force 50% of ATMs in India to close: Industry body
The Confederation of ATM Industry (CATMI) has said that recent regulatory changes are making it unviable to operate ATMs and may lead to closure of half of the machines by March 2019. A majority of the ATMs which can be shut down will be in the non-urban areas, it added. India had about 2.21 lakh ATMs as of September end.