Atm Norms
Banks struggle with ATM shortage as 'Make in India' policy disrupt supply
The initial cause of low number of ATMS across India is linked to the "Make in India" guidelines introduced in FY20, which required vendors to establish operations in India, leading to a delay
 "Banks struggle with ATM shortage as 'Make in India' policy disrupt supply")
Phasing out? Only 15-20% of ATMs dispense Rs 2,000 currency note
Cash dispensers reconfigure cassette with lower denominations
 "Phasing out? Only 15-20% of ATMs dispense Rs 2,000 currency note")
Six years after demonetisation, deployment of ATMs set for biggest spike
ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently
 "Six years after demonetisation, deployment of ATMs set for biggest spike")
RBI fines Vakrangee Rs 1.76 cr for violating order on ATM deployment goals
Central bank had first issued show-cause; latest action follows company's response to the notice
 "RBI fines Vakrangee Rs 1.76 cr for violating order on ATM deployment goals")
Card-less cash withdrawals at ATMs may burden banks with additional costs
Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers
 "Card-less cash withdrawals at ATMs may burden banks with additional costs")
With ATM withdrawals set to get costlier, reduce dependence on cash
Beware of keypad manipulation and heat mapping while using the ATM or PoS machine
 "With ATM withdrawals set to get costlier, reduce dependence on cash")
Dwindling business model: Can ATM industry continue in its present avatar?
ATM deployment has crossed 250,000 units, after hovering between 225,000 and 235,500 for almost five years
 "Dwindling business model: Can ATM industry continue in its present avatar?")
Third-party ATM switch ASPs to comply with cybersecurity controls: RBI
The RBI-regulated entities have to amend their contracts at the earliest or at the time of renewal, in any case not later than March 31, 2020
 "Third-party ATM switch ASPs to comply with cybersecurity controls: RBI")
To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan
This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further
 "To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan")
RBI, Home Ministry circulars on ATM security, logistics miss deadlines
Software upgrade of bank ATMs will be delayed
Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow
In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore
 "Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow")
New cash management for ATM norms to cost Rs 120 billion in five years
Currency in circulation needs to be increased due to shift to cassette swap method
 "New cash management for ATM norms to cost Rs 120 billion in five years")
