Why banks stopped issuing standalone ATM cards?

Shivaprasad Laxman Chhatre , Last updated: 11 December 2023 Share Follow on Google News

Why banks stopped issuing ATM only cards either linked or not linked to a card service provider The very basic legal interpretation of the word banking as defined in the Banking Regulation Act, 1949: Accepting deposits of money, for lending or investment, from the public, repayable on demand or o

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About the Author

Shivaprasad Laxman Chhatre

Ex Chief Ethics and Compliance BNP Paribas

Ex Group Head Ethics and Compliance BNP Paribas, Kotak Mahindra Bank, ICICI Bank, PSU Banks, Ex- CEO FIMMDA, Practical ex-Banker 35 years of supervisory level banking experience which includes the experience as Group Head of Compliance of an MNC Bank, 15 years in Bank Treasury amp; Securities Market (in New Private ... Read more

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Why banks stopped issuing standalone ATM cards?

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