As the non-transparent practices in this market is a matter of concern, RBI had issued guidelines in June 2001 regarding the due diligence to be undertaken, the disclosures to be obtained and the credit risk analysis to be made in regard to privately placed investments especially for unrated instruments.
Thus, the networking of the ATMs across the country, by leveraging the technology, is indeed a very customer-friendly development. May I also mention for record that as at end-June 2008, the number of ATMs in the country stood at 36,314 of which the number of ATMs deployed by the PSBs, new-private-sector, old-private-sector and foreign banks was 22,525, 10,552, 2,189 and 1048 ATMs, respectively.