Cash crunch: Over 85% ATMs functioning, deposits increase in banks

The situation has improved from Monday when about 60 % ATMs across India were dispensing cash, which went up to around 82 % on Thursday

More than 85 per cent automated teller machines (ATMs) started dispensing cash across the country on Friday and deposits in banks increased, leading to an improved cash flow situation, a senior finance ministry official said.

“Over 85 per cent ATMs were functional on Friday. Cash deposit back to the system also improved. So, no net reduction in cash position of currency chests,” the finance ministry official said.

The share of functional ATMs will hover over 85 per cent for sometime now, another finance ministry official said. The situation has improved from Monday when about 60 per cent ATMs across India were dispensing