If branches continue to decrease there may be negative impact. Reduced density. Reduced service points.
However, this may be temporary blip as increased compliance ATMs are being set up.
And, in the same article, it is stated banks are likely to open 2 ATM per branch. Have heard that before in CMS or some bank concalls (do not remember where). Number of bank branches today multiplied by 2 will take number above 219000/215000.
And, some banks like HDFC Bank continue to open branches.
Biased. Invested.
However, this line of business is in matured state. It is not going to grow exponentially and management has stated that as well. They are comfortable with 10-12% revenue growth for this line of business.
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