The largest lender of the country, State Bank of India aims to put as many as 40,000 ATMs all over the country in a bid to increase its presence all over India even further.
All public sector banks are aiming to work together for the installation of white labeled ATMs. White labeled ATMs are those which are not under the ownership of any particular bank but are managed and maintained by an external agency.
SBI owns the maximum number of ATMs in India at present. Presently India has 74,743 ATMs of which 20,084 belong to SBI, reported a survey conducted by Atos Worldline as on March 2011.