Business Daily from THE HINDU group of publications
Tuesday, May 22, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, May 22, 2007 ePaper |
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Money & Banking
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Information Technology Marketing - New Products & Services Andhra Bank unveils mobile biometric ATMs Our Bureau
Hyderabad May 21 Andhra Bank on Monday launched two mobile biometric ATMs here and will soon expand them to other places. "Andhra Bank is the first bank in the country to launch mobile biomertic ATMs. We will soon expand this to other places," Mr K. Ramakrishnan, Chairman and Managing Director, said at the inaugural function of the ATMs here. Biometric mobile ATMs would be launched in Visakhapatnam, Tirupati, Kakinada, Kottayam (Kerala), Madavakkam (Chennai), Tiruttani (Tamil Nadu) and Karaikudi (Tamil Nadu) during the current fiscal year, he said.
Targets More customers
The bank would add 200 biometric ATMs this fiscal, taking its ATMs strength to 750, he added. "We have 23.63 lakh customers with ATM cards. We will target to have 30 lakh customers by end of 2007-08," he said. Mr K. Rosaiah, Minister for Finance, Andhra Pradesh, who formally inaugurated the ATMs, said mobile biometric ATMs would go a long way in achieving the financial inclusion. The mobile ATMs would be moving in Hyderabad and Secunderabad on a particular route map with pre-announced timings from 6 am to 6 pm and would cover un-banked and under-banked areas. They would identify customers based on their finger print. However, the use of personal identification number is also accepted by the machines. For biometric access, customers have to register their fingerprints with the branch in which they maintain accounts.
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