NiC rises to Rs 34.8 tn but growth slows with shift to higher notes

Quick Summary:

Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.

However, the bulletin notes that the views expressed are those of the authors and do not necessarily represent the RBI’s official stance.

Between 2005 and 2014, the number of ATMs per lakh adults increased dramatically, with a CAGR of slightly over 25 per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Cash usage India Digital payments ATM expansion India cash trends NiC growth Precautionary cash Notes in Circulation RBI bulletin High denomination notes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 13:18:54 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28902534

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