Consumers seem to be cashing out of automated teller machines (ATMs) and logging in at point-of-sale (POS) terminals more frequently. Even as the network expands, the average number of transactions at ATMs is on a downward slope.
Consumers would not like to change their current situation even when it is clearly beneficial for them and when it costs them nothing to make the change. It requires a big nudge for them to do what is obvious to you and me.
Those of you who have been putting off buying a house in the hope that interest rates may fall are probably disappointed that the Reserve Bank of India did not cut interest rates in the latest monetary policy.