Indian banks plan RFPs for cash recycler ATMs

July 12, 2026

由 AI 报道

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.

RBI plans CBDC pilot expansion for cross-border use

The Reserve Bank of India intends to broaden its digital rupee pilot this fiscal year. It is also exploring central bank digital currency applications in international transactions.

Banking liquidity falls to fiscal-year low in India

June 18, 2026 由 AI 报道

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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Over two dozen companies plan IPOs in August

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RBI governor meets bank CEOs to discuss AI and geopolitics

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RBI Governor urges banks to partner with MSMEs

Listed banks post record profit of ₹4 lakh crore in FY26

Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders including State Bank of India, HDFC Bank, and ICICI Bank contributed more than half of the total.

Centre informs Supreme Court of multi-pronged actions to check digital arrest frauds

April 28, 2026 由 AI 报道

The Centre has informed the Supreme Court that it is considering multi-pronged actions, including temporary debit holds on suspicious accounts, to combat digital arrest frauds. A status report submitted by Attorney General R Venkataramani details the third meeting of the Inter-Departmental Committee (IDC).

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