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Debit and Credit Card Distribution by Banks

Between May 2018 and May 2019 in India, debit cards declined sharply by 59.8 million while credit cards increased by 0.92 million. The number of ATMs in India also decreased from 2,22,300 in 2017 to 2,21,703 in 2019, a decline of 597 ATMs. While India has made progress in deploying ATMs, the rate remains relatively low and the drop may continue as banks struggle with upgrade costs. A declining number of ATMs could impact populations at the bottom of the socioeconomic pyramid.

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Rohan Chandna
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65 views3 pages

Debit and Credit Card Distribution by Banks

Between May 2018 and May 2019 in India, debit cards declined sharply by 59.8 million while credit cards increased by 0.92 million. The number of ATMs in India also decreased from 2,22,300 in 2017 to 2,21,703 in 2019, a decline of 597 ATMs. While India has made progress in deploying ATMs, the rate remains relatively low and the drop may continue as banks struggle with upgrade costs. A declining number of ATMs could impact populations at the bottom of the socioeconomic pyramid.

Uploaded by

Rohan Chandna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Debit And Credit Card Distribution By

Banks

Debit And Credit Card Distribution By Banks


1,000,000.00 7,000.00
900,000.00
6,000.00
800,000.00
700,000.00 5,000.00

600,000.00
4,000.00
500,000.00
3,000.00
400,000.00
300,000.00 2,000.00
200,000.00
1,000.00
100,000.00
0.00 0.00
2014-15 2015-16 2016-17 2017-18 2018-19

Public sector banks Private sector banks Foreign banks

1. Interpretation
In May 2019, the number of debit cards sharply declined to 824.93 million, a
reduction of 59.8 million existing cardholders. At the same time, a total of 48.9
million credit cards were in operation, with the addition of 0.92 million cards,
according to the Reserve Bank of India. Between May 2018 and May 2019, India
added some 10.3 million credit cards and lost over 100 million debit cards. Card
usage spiked during the months following demonetization, when the
unavailability of cash forced people to use cards. Since then, both debit card and
credit card usage has been increasing, and at times, range-bound, but we really
aren’t seeing spikes in usage.
ATM Total Distribution By Banks Groups

ATM Total Distribution By Banks Groups


160 148.6 1.2
142.5 146
1.1 1.1 136.1
140 128.8
1 1
120 0.9 0.9
0.8
100

80 0.6
60.1 63.3
55.6 58.8
60 51.5
0.4
40
0.2
20

0 0
2014-15 2015-16 2016-17 2017-18 2018-19

Public sector banks Private sector banks Foreign banks

1. Interpretation
The number of ATMs in India dropped to 2, 21,703 as on March 31, 2019 from
2, 22,300 at the end of 2017, recording a decrease of 597 ATMs during the
period. India also has one of the lowest ratios of ATM cash withdrawal relative
to cash in circulation. It is also an indicator of low efficiency in recycling cash,
i.e., the cycle of withdrawing cash, making payments with it and in turn making
deposits through the banking system. Although India has made progress with
reference to the absolute number of ATMs deployed, the rate of deployment is
still relatively low. The drop may continue as banks and ATM operators
struggle to absorb the cost of software and equipment upgrades mandated by the
central bank.
“Declining numbers of ATMs will impact a large segment of the
population, especially those who are socio-economically at the bottom of
the pyramid”

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