ATM network in India crosses 1-lakh mark – NPCI

ATM network in India crosses 1-lakh mark – NPCI

The number of ATMs in India has crossed the one lakh mark, according to the  data shared by National Payments Corporation of India (NPCI). All scheduled banks in India put together have plans to install an additionally about one lakh ATMs over the next two years, raising the number of ATMs per million population to about 170 ATMs from existing 85.

As of October 2012 the total number of ATMs was 1,04,500. Public sector banks (PSBs) and the State Bank group with about 61,500 ATMs accounted for 59 per cent of the ATMs. The private sector and foreign banks put together have about 41,800 ATMs accounting for 40 per cent of the ATMs and the balance 1 per cent represents about 1,150 ATMs that have been deployed by co-operative banks/RRBs.

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