Finance
Mr. ManagerRBI Reports Banking Boom in Tier-I; ATMs Face a Shake-Up!
Ladies and gentlemen, the RBI has spoken! In FY25, commercial banks unleashed a tidal wave of new branches, with tier-I centres soaking up half the action! With a total of 1.64 lakh branches now, the game has shifted, especially in rural areas where public sector banks are making their mark. Buckle up, because the ATM landscape is evolving, and digitalization is leading the charge! Are you ready for the banking upheaval?
few days ago | Anupreksha Jain
Quick rundown
1.Tier-I centers saw the most bank branch growth in FY25.
2.Public sector banks lead in ATM distribution across India.
3.Digital payments are reducing ATM usage.
4.Southern India has the most bank branches.
5.Private banks opened fewer branches in FY25 compared to FY24.
