Solutions
The correct sequence is DAECB
D) ATM operators have warned that half of the 2.38 lakh machines in the country might face closure by March next year.
A) The Confederation of ATM Industry (CATMi) says new rules issued by the government and the Reserve Bank of India (RBI) would hike the cost of running an ATM making it an unviable business.
E) However, after the (CATMi) statement, state-owned Punjab National Bank has said it has no major plans to reduce the number of its ATMs by March 2020.
C) PNB is one of the largest ATM service providers with 9,428 ATMs all over the country.
B) It said the security measures advised by the RBI are in the interest of the bank and the customers at large.
This passage is about shut down of ATMs. According to the passage, ATM operators have given warning that half of the 2.38 lakh machines will be stopped by next march. CATMi has said that new rules which have been issued by the government and RBI will increase the cost of running the ATM. On the other hand, PNB has indicated that it has no major plans to reduce its ATMs by next march. With 9,428 ATMs all over the country, PNB is one of the largest ATM service providers. It also mentioned that security measures which have been directed by RBI are for the benefit of banks and customers.