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Tag Archive for 'atm'

India Crosses 1 Lakh ATM Outlets – SBI Owns 59% ATMs

Published on December 22, 2012 in Banking Sector. 0 Comments Tags: atm, cheque cash deposit, donations to charities, National Payments Corporation banking system ATMs State Bank Group cash vending machines fund transfer, ncpi, sbi.

According to National Payments Corporation the banking system had reached a record of 1 lakh ATMs at the end of October. The total number of ATM stood at 1,04,500. The company is the one operating National Financial Switch for connectivity between banks and ATMs. Banks are also responsible of handling their quarterly reports in the […]

Mobile ATMs Coming Soon to Your Area

Published on February 20, 2012 in Banking Sector. 0 Comments Tags: atm, mobile.

Inaccessibility to automated teller machines (ATM), especially in remote areas, could soon be a thing of the past thanks to an initiative by the Reserve Bank of India (RBI). This initiative would allow non-bank institutions to own and operate ATM across India. These ATMs, commonly known as White Label ATMs (WLA) in developed countries, are […]