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Postal bank savings account-holders in Delhi can now avail ATM services as India Post launched automated teller machines (ATMs) at two locations. Delhi will get 86 more ATMs by the end of March 2014 and around 600 by 2015. India Post will open 2,800 more ATMs by March 2015 as part of its core banking system (CBS) project, reports PTI. India Post has connected about 6.4 million savings accounts across seven states—in select branches with CBS.
The penetration of credit cards and personal loans is very low in Kerala and the state has a huge untapped potential in the sector, according to data released by the Credit Information Bureau (India). The number of applications for new credit has been rising steadily; there has been a 150% increase since 2010, says CIBIL data.