Financial Daily from THE HINDU group of publications
Saturday, Apr 13, 2002

Port Info

Group Sites

Money & Banking - Public Sector Banks

SBI installs 1,017 ATMs

Our Bureau

MUMBAI, April 12

STATE Bank of India (SBI) has put in place 1,017 ATMs, the largest number of installed ATMs by any single bank in the country, the bank said in a press release.

The bank had installed 764 ATMs in one year while in the last five weeks 541 ATMs were installed across the country.

With these ATMs in place, the bank aimed to provide ATM facilities where it was convenient for the customer to operate, the release added.

SBI started implementing its ATM networking project in May 2001 and has networked 541 ATMs. The bank has procured Compaq's Tandem Switch and ACI's Base 24 software. Networked ATMs are now available in 60 centres.

Meanwhile, a draft of Rs 11.64 crore was presented to the Finance Minister, Mr Yashwant Sinha, by Mr Janki Ballabh, Chairman of SBI, and Mr Shantha Raju, General Secretary, All India State Bank Officer's Federation for the Prime Minister's Relief Fund.

Send this article to Friends by E-Mail

Stories in this Section
Re firm; gilts range-bound

Insurance VRS may be on offer shortly
Film industry is insurance shy
Allahabad Bank hopes to post higher net
SBI installs 1,017 ATMs
UFBU to focus on NPAs during stir
Bank officers to join stir
Banks, insurance cos, FIs put Rs 172 cr in PNB issue

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line