The Hindu Business Line : State Bank of Mysore to have 35 more ATMs

STATE Bank of Mysore plans to install 35 new automated teller machines (ATM) by March-end to take up its ATM network to 100, a bank statement said. The bank has achieved 100 per cent computerisation of its 622 branches, the statement added.

The bank plans to offer State Bank electronic payment system that provides online reconciliation of intra bank transactions and structured financial messaging system that facilitates funds transfers, issuing and advising of letter of credits, realisation communication and so on.

SBM also plans to implement Electronic Nostro Account Reconciliation to reconcile nostro accounts and online tax accounting system by March-end, the statement said.

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