Presence of foreign bank ATMs in India have declined by 18 per cent over the last three years as some of them shut ATMs, while one bank closed operations here, according to official data. There are as many as 45 foreign banks in India, including Standard Chartered Bank, Citibank, Bank of America, Barclays Bank, HSBC, The Royal Bank of Scotland, Deutsche Bank, JP Morgan Chase, DBS Bank, Credit Suisse AG, BNP Paribas, Doha Bank and Qatar National Bank among others.
“As per RBI data, between September 2014 and September 2017, there is a reduction of about 18 per cent in ATMs (automated teller machines) deployment by foreign banks.” “The reason for this reduction in ATMs deployment by the foreign banks is due to the closure of ATM operations by FirstRand Bank, banking operations by RBS (ABN Amro) Bank and closure of ATMs by HSBC Bank and Standard Chartered Bank by 30 per cent and 20 per cent, respectively,” the finance ministry said citing RBI data.