NEWS & ADVICE : CREDIT CARDS
Thousands of money dispensing machines coming by the end of March
By Ankit Sharma
Mar 11, 2014
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As per the records, the PSU banks have established nearly 14,855 ATMs by December, and there is still more need 20,000 ATMs to achieve the target of at least one onsite ATM in every branch.

In order to complete their task bank will installing 20,000 ATMs by the end of March. There is requirement of an onsite ATM across all the 72,340 branches. Till last year banks have established one onsite ATM across 37,672 branches therefore they are left with the target of 34,669 ATMs for the year 2014. Till now 14,588 have been and 19,813 are more to go by the end of March.

According to the report SBI is suppose to install 2221 more branches, Allahabad bank is suppose to set up 2033 branches more Bank of Baroda has to set up 2 more branches, vijaya bank has to set up 39 more branches to meet the target.


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