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MC Exclusive | Empty ATMs, statutory defaults, and deep rating downgrades: AGS Transact faces a crisis

Some banks serviced by AGS Transact have informed the regulator about the increasing cases of ATMs not being refilled and have held back their payments to the company. Crisil and India Ratings have downgraded the company’s debt to default status. Its GST registration also stands cancelled; virtually, AGS Transact is out of business.
Odisha installs milk ATMs to deal with plastic menace
Bank staff body slams demonetisation as 'unplanned' move
Worst trade of the year? Bet against bond market

While going long the stock market has been a great trade so far in 2013, betting that the bond market would suffer as a result could be the worst.

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