New Delhi: State Bank of India operated ATMs across the country and earned around Rs 2043 crore in five years between 2019-20 and 2023-24. The government has answered this information in Parliament. The government has put the public sector banks in front of the House for the five -year figure to how much income made through ATMs. Lok Sabha MP Mala Roy questioned this. According to government data, there are few banks that are benefiting from operating ATMs. In this case, State Bank of India, the largest government bank in the country is the first. On the other hand, most banks are facing loss by operating ATMs.
People have reduced the use of ATMs to a great extent due to increasing trend of UPI. Despite this, SBI has been successful in earning by operating ATMs due to its huge network. However, there has been a fluctuations in profits of other banks other than this.
Government gave data in Parliament
The government has shared the figure from 2019-20 to 2023-24 to banks in Parliament from 2019-20 to 2023-24. Some banks performed well in these five years, while some have been in this case. Punjab National Bank is named after State Bank of India among the highest -grossing banks from ATMs. On the other hand, the Indian Overseas Bank and the Central Bank of India have incurred a loss in the matter.
According to the data, State Bank of India earned Rs 656 crore from the operation of ATMs in the financial year 2019-20. At the same time, Punjab National Bank earned Rs 102.40 crore in 2019-20. On the other hand, Bank of Baroda suffered a loss of Rs 70.06 crore in 2019-20. The bank suffered a loss of Rs 212.08 crore in this item in 2023-24. Similarly, Bank of India suffered a loss of Rs 129.82 crore in 2019-20, but in 2023-24 the loss was Rs 66.12 crore.
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Indian Bank lost Rs 88.75 crore
Indian Bank suffered a loss of Rs 41.85 crore in 2019-20, which increased to Rs 188.75 crore in 2023-24. Central Bank of India also suffered a loss of Rs 60.26 crore in 2019-20. By 2023-24, this loss reached Rs 195.88 crore. Apart from this, Union Bank of India earned Rs 3.17 crore from ATM in 2019-20. However, in 2023-24, the bank suffered a loss of Rs 203.87 crore in this item.
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