NEWS & ADVICE : CREDIT CARDS
SBI planning for more ATMs in TierII, III cities
By Ankit Sharma
Jul 11, 2011
Print    Email    RSS   

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.

 

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #1
Know the Reasons for Rejection of a Credit...
Make more out of your credit card with...
How to select a co-branded credit card?


Daawat*Call giℛℒ escort In ZiRaKpUr OOOOOOOOOO...
Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive