Business Daily from THE HINDU group of publications
Saturday, Jul 21, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Jul 21, 2007 ePaper |
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Money & Banking
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Public Sector Banks Logistics - Railways States - Tamil Nadu Canara Bank signs agreement with Railways for setting up ATMs
Our Bureau Tiruchi, July 20 Canara Bank will establish ATMs at eight Railway stations coming under the jurisdiction of the Tiruchi Railway Division. An MoU has been signed between the division and the bank in this connection. The bank’s Circle Office, Tiruchi will set up the ATMs at Tiruchi Fort, Tiruchi Town, Thanjavur, Kumbakonam, Adhiramapattinam, Aduthurai, Neyveli and Panruti stations. The bank has paid Rs 6.60 lakh as licence fee to the Railway authorities for the establishment of the ATMs. The ATMs will become functional before the end of the current fiscal, said Mr S. Nagarajan, Deputy General Manager, Circle Office. Apart from the eight locations, the bank also plans to set up ATMs at Tiruchi Junction, Pondicherry, Tiruvannamalai and Salem Town Railway stations. Mr Nagarajan said that the bank had identified locations in all eight stations, adding that the ATM at Tiruchi Junction is expected to become operational in a month. The bank had signed a similar MoU with the Madurai Railway Division a month back to set up ATMs at Dindigul, Palani and Pudukottai stations. Mr R.C. Jat, Divisional Railway Manager, Tiruchi said that SBI, Dena Bank, Bank of Baroda, Union Bank of India and ICICI Bank have already established ATMs at different Railway stations falling under the jurisdiction of Tiruchi Division.
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