SBI still on track in the ATM space
By Ankit Sharma
Jan 27, 2012
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The largest lender in the country, State Bank of India which holds the maximum number of ATMs in the country is still on the track to further set up the ATMs.

The process of installing of ATMs has undergone some development. In order to slash the cost of installation and to standardize them, now the ATMs will be set up through a consortium of Public Sector Banks.

The Managing Director and Group Executive (National Banking) of SBI, Mr. A. Krishna Kumar said, "We need more ATMs there is no doubt about that. Our number of debit cards is very strong. We have more than 10 crore debit cards. It is not that the current process has hampered us in anyway in our efforts to supply ATM cards and debit cards to our customers."

During the current fiscal year, the bank plans to install another 10,000 ATMs.


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