IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 yrs
"The hike in interchange fees by RBI coupled with various structural growth drivers, including expected increase in cash withdrawal transactions, will accelerate White Label ATMs deployments in the country," he said.
Impact of 3rd wave low on NBFCs as bad loans fall, collections riseThe third Covid wave hasn't significantly hurt collection efficiency and raised delinquency levels of non-bank financing companies, rating agency India Ratings said in a report. Analysts suggest that the delinquencies in 1-90 days-past-due continue to be in the range of 5%-15%, and additions to bad loans have slowed down materially.
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