National Payments Corporation (NPCI) has announced that banks have crossed the landmark of installing 1 lakh Automated Teller machines (ATMs) pan India at the end of the last month.
NPCI is promoted as a leading institution for retail payments by the banking and monetary regulator, Reserve Bank of India, and by other banks also. It said that at the end of October, total number of operating ATMs in India stood at 104500.
NPCI operates National Financial Switch, which is used by banks for inter connectivity between them for ATMs. Banks report the total ATMs owned by them in their quarterly reports under the network section.
Of the total ATMs in the country, the highest number of ATMs is owned by the State Bank of India Group. It should be noted that the SBI Group consist of SBI itself along with its five subsidiary banks. The SBI group has a 61500 strong ATM network, which accounts for 59 percent of the total ATMs across the country.
NPCI data also reveals that ATMs controlled by private sector and foreign banks account for 40 percent of the total ATMs, and the number stands at 41800 ATMs. On the other hand, co-operative banks and regional rural banks have just 1 percent of the total ATMs in the country, which stands at a total of 1150 machines.