The Finance Ministry on Wednesday asked state-run banks to expedite installing automated teller machines (ATMs) in rural areas, which is falling short of the budget target. Against the target to install 34,668 by the end of March 2014, thepublic sector banks have put up only 5,726 ATMs by end of August, Snehalata Srivastava, the additional secretary in the Department of Financial Services, said here. "The number is not so satisfying...I request all the banks to provide this facility in the rural areas and the areas which are needing this kind of a facility," she said. In his Budget speech, Finance Minister P Chidambaram had announced that all the branches of the 26 public sector banks will have an ATM by end of March 2014 and accordingly over 34,000 branches were identified, she said.
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