Indian banks plan RFPs for cash recycler ATMs

July 12, 2026

Reported by AI

More than 15,000 ATM units in India are expected to feature in requests for proposals for cash recyclers. Nearly 77 percent of these belong to public sector banks.

Industry executives said Punjab National Bank, Union Bank of India and Bank of India are among the lenders set to issue the recycler RFPs.

The shift replaces standard cash dispensers with machines that accept deposits as well as dispense notes. The move is expected to improve efficiency for banks handling large volumes of cash transactions.

No timeline for the RFPs has been announced in the reports.

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Banking liquidity falls to fiscal-year low in India

June 18, 2026 Reported by AI

Banking system liquidity has dropped to its lowest level this fiscal year, pushing up money market rates. Advanced tax outflows triggered the decline. The Reserve Bank of India is offering temporary support through variable rate repo operations.

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RBI proposes rules to let lenders disable phones for loan defaults

May 20, 2026 Reported by AI

The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters on devices financed by the loan. The restrictions are set to take effect in October 2026 under strict oversight.

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