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Banks in India halt ATM expansion, consolidate tellers
April 19, 2009
The Times of India:As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network. Most banks say they plan to open ATMs only in locations for which they had obtained approval before the April 1 shift, and many are now looking at forging bilateral and multilateral agreements with other banks.
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