India sees a steady drop in ATM numbers as banks shift focus to digital services and expand into underserved regions. What does this mean for everyday banking?
The number of ATMs in India has declined from 219,000 to 215,000, signaling a significant shift in banking infrastructure. This reduction reflects banks' strategic pivot towards digital services and targeted expansion in underserved areas. The trend indicates a full reimagining of financial service delivery, with institutions prioritizing integrated digital-physical solutions. While the decrease in cash withdrawal points might seem concerning, it actually represents a sophisticated approach to banking infrastructure. Financial institutions are carefully consolidating their physical networks while simultaneously enhancing digital platforms. Down the line, this will eventually result in comprehensive financial access across diverse geographic and demographic segments.
