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Dhanalakshmi Bank in pact with IDRBT for ATM network

Our Bureau

Kochi , March 18

DHANALAKSHMI Bank has joined the national network of ATMs operated by the Institute for Development and Research in Banking Technology (IDRBT).

The facility, going live on Friday, will enable the customers of Dhanalakshmi Bank to access ATMs operated by ICICI Bank, Bank of Baroda, Andhra Bank, Punjab National Bank and United Western Bank Ltd across the country.

"In our pursuit to expand our retail business, the tie-up with IDRBT operating the national financial switch is a significant step forward as retail business is technology-driven. The tie-up with IDRBT and Cashnet will throw up a network of more than 14,000 ATMs to our customers," Mr T.R. Madhavan, Managing Director and CEO of the bank, said.

The bank had earlier tied up with Cashnet Network operated by Euronet, which enabled its customers to access ATMs operated by seven other banks: Citibank, UTI Bank, IDBI Bank, Corporation Bank, Centurion Bank, Bank of Punjab and Development Credit Bank.

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