Chennai: The number of ATMs has declined marginally to 2.07 lakh in FY18 from 2.08 lakh in FY17, primarily due to branch rationalisation by a few public sector banks, the Reserve Bank of India has said in its annual report.
Similarly, the number of operational on-site ATMs too came down to 1.06 lakh during the year from 1.09 lakh in FY17, while that of off-site ATMs increased to one lakh from 98,545.
“In FY18, the number of ATMs of State-run banks declined to 1.45 lakh from 1.48 lakh in FY17,” the RBI said in the “Trends & Progress of Banking in 2017-18” report.
However, private sector banks installed more ATMs taking their total number to 60,145 in FY18, up from 58,833 in the previous fiscal year, the central bank report said.