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Indian ATM Sharing Reminiscent of Earlier US Pattern

August 27, 2009

Analysis of:RBI limits free use of inter-bank ATMs to 5 times a month | economictimes.indiatimes.com

A recent article reports that the Reserve Bank of India will permit Indian banks to charge usage fees when “foreign” bank customers use their ATM’s more than 5 times in a month. Henry Polmer, the author of this analysis and former general counsel to the Cirrus ATM System, compares the development of the ATM industries in India and the US and concludes that India could fairly rapidly expand to half a million or more ATM’s from its current 40,000 if the RBI broadens its current liberalization.

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