An average ATM in India was replenished with ₹1.35 crore of cash per month in FY23 by India’s largest cash management company CMS Info Systems, with the figure rising 10.1% from FY22, data shared with Mint showed.
Replenishments were particularly strong in the festival months and states such as Karnataka, Chhattisgarh and Andhra Pradesh, according to CMS Info Systems, which has a 46% share in ATM cash management.
While data released by the Reserve Bank of India, such as currency in circulation and ATM withdrawals, may show the real pulse of the economy, ATM cash replenishments could also be an important yardstick to gauge the country’s economic health.
Bu hikaye Mint Mumbai dergisinin May 24, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin May 24, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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