86% ATMs functioning in the country, says government
Close to 86% of ATMs countrywide are functioning and dispensing cash, said a government official on Thursday.
More than 90% of ATMs are dispensing cash in Punjab, Haryana, J&K, Maharashtra, North East, Orissa and Tamil Nadu, the official added.
The government is planning to supply additional Rs 1000 crore to Bihar as only 66% of ATMs are functional in the state.
Telengana has 77% ATMs dispensing cash, while Andhra has 70% functional ATMs.
According to the official, more than Rs 51,000 crore cash was supplied to RBI's Hyderabad office between April 2017 and February 2018 which was highest among all central bank offices.
Rajnish Kumar, SBI chairman on Thursday said that lesser deposits were recorded in Telangana which shows that cash wasn't returning to the system.
Kumar said that the bank will complete recalibrating ATMs with Rs 200 notes by the end of this month.
After receiving a number of complaints regarding cash crunch in ATMs in several states, the Union Finance Ministry had called a meeting of the RBI, banks and state government officials to discuss the issue.
The rate of cash withdrawal was far more than the cash deposits in banks in Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana.
First Published: Apr 19, 2018 1:38 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM
Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats
May 15, 2024 8:09 PM