AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Snipd AI
Explore the reasons behind the ATM crunch in the country, from the deadlock between government, RBI, and banks to the challenges of ATM upgrades. Learn about the shift towards digital payments, secure ATMs, and the struggles with implementing RBI's directives.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Proposed lockable cash cassettes for ATMs aim to enhance security and efficiency but face resistance due to cost and compliance challenges.
- Banks struggle with retrofitting ATMs with lockable cassettes while dealing with Make in India sourcing restrictions and GEM Portal procurement requirements.
Deep dives
ATM Crunch and Supply Bottleneck
The podcast delves into the issue of the ATM crunch in the country, highlighting a minimal 14% increase in ATMs between 2016 and 2024. While digital payments contribute to reduced ATM use, the major bottleneck lies in the manual handling of cash during replenishment. The RBI directive to use lockable cash cassettes aims to enhance security and efficiency but faced resistance from banks due to estimated costs and compliance challenges, leading to a delayed implementation, impacting overall ATM availability.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode