The Hindu Business Line : SBI to launch 100th ATM in Kerala today

CLOSE on the heels of commissioning the world's first "ATM-on-ferry" at Kochi last month, State Bank of India (SBI), Kerala Circle, is set to unveil its 100th ATM in the State on March 26.

The bank will commission 12 ATMs simultaneously on the day at various part of the State, taking the total number of the machines from 88 as of now to 100, according to Mr C. Narasimhan, Chief General Manager, Kerala Circle.

He said the bank, which has 234 branches in the State, proposed to double the number of ATMs over the next one year. And, to popularise the use the machines, the bank's branches across the State would hold ATM melas.

The number of the bank's ATM-cum-debit card holders in the State has crossed the one-lakh mark. Besides, the Internet banking facility is now available in 62 branches and the bank is planning to introduce it in more than 100 branches in the next six months.

Mr Narasimhan said that SBI's core banking solution would be introduced in the State on a pilot basis in September this year and this would be gradually made available in other branches in the course of time.

The bank is also set to open its offshore banking unit at Cochin Export Processing Zone. This will be SBI's second such unit in the country, the first being at SEEPZ, Mumbai.

Mr Narasimhan said the bank's total business in the circle was projected to cross Rs 10,000 crore in the current year with deposits of around Rs 7,000 crore and advances of more than Rs 3,000 crore.

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