Public sector banks are taking the lead in spreading the reach of ATMs in the country. Offsite ATMs of public sector banks grew by 70 per cent to 16,883 (9,898) in the 2009-10 fiscal, according to the RBI's Report on Trends and Progress.
The State Bank Group itself more than doubled its offsite ATMs to 9,836 in the 2009-10 fiscal against 4,193 in the previous fiscal.
The other nationalised banks increased their offsite ATMs to 7,047 sites against 5,705 in the previous fiscal, a growth of almost 24 per cent.
The increase in the reach and number of ATMs has also resulted in a growth in the number of cash withdrawals going out through ATMs. According to Mr P.A. Kalyan Sundar, General Manager IT, Bank of India, nearly 75 per cent of all cash withdrawals are made through ATMs.
The growth of ATMs from private sector banks, on the other hand, has been more muted.
From 8,324 offsite ATMs in 2008-09, the private sector has only added 1,520 sites to go up to 9,844 offsite ATMs in the 2009-10 fiscal, a growth of 18.2 per cent.
The total number of ATMs as of end-March 2010, by public sector banks grew by 49 per cent to 40,680 (27,277). The SBI Group nearly doubled its number of ATMs to 20,978 in 2009-10 against 11,339 in the previous fiscal.
The total number of ATMs by private sector banks grew by 20 per cent to 18,447 in 2009-10 against 15,320 in the previous fiscal.
The report stated, “Growth in ATMs, which had been generally on a steady rise in the recent years, was 37.8 per cent in 2009-10. More importantly, the growth in offsite ATMs too was comparably high at 44.6 per cent during the year. At end-March 2010, the percentage of offsite ATMs to total ATMs stood at 45.7 per cent for all scheduled commercial banks.”
+1.jpg)
0 comments
Post a Comment