The largest lender of the country, State Bank of India is planning to add more ATMs to its kitty in order to increase its presence even further.
The bank which presently has a network of 25,444 ATMs in collaboration with its five associate banks accounts for 32% of the total ATM count linked to National Financial Switch.
The plan to increase ATM count has been set for the upcoming three years time.
The SBI group including its associate banks have so far issued 8 crore debit cards. On an average, number of cards per ATM counts to 3000.
"In our case, the number of cards per ATM, currently at 2,500-3,000, is huge. I understand that 1,500 cards per ATM is an acceptable level for ATM transactions to be efficient. So, to that extent we have to increase the number of ATMs to bring down the ratio from 2,500-3,000 to 1,500 cards per ATM," said Mr A. Krishna Kumar, Managing Director, SBI.