Banks and financial institutions are constantly under threat of robbery that could cause financial loss, lives, and reputation.
The Indian banking industry is going through several changes at present. The government recently merged some of them that remained independent for decades. Often there are concerns of operations at some bank or the other. We may see more privatization, increased use of digital technology, and concepts like neo banks.
These changes and the increasing number of branches and ATMs raise several security concerns. Banks and financial institutions are constantly under threat of robbery that could cause financial loss, lives, and reputation.
The current situation
According to the Reserve Bank of India (RBI) report, 230,000 ATMs are deployed across the country. Of these, 46 percent are depl...