RBI's diktat for ATMS will be a costly affair

The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments. Illustration:......

Cash crunch: Deposits drop, money movement totters

Many PSBs are in the process of rationalisation of ATMs Illustration: Uttam Ghosh/Rediff.com In Kottayam, a housewife received an email communiqué from Corporation Bank, a Karnataka-based......

DeMo aftermath: Cash crunch hobbles White Label ATMs

The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling. Illustration: Uttam Ghosh/Rediff.com White label ATMs......