3:13 pm - Friday December 15, 3352

State Bank of India (SBI) plans to outsource ATM management

198 Viewed Alka Anand Singh Comments Off on State Bank of India (SBI) plans to outsource ATM management
State Bank of India (SBI) raises $1.28 billion via share sale
State Bank of India (SBI) raises $1.28 billion via share sale

Mumbai – State Bank of India (SBI) plans to outsource the management of some of its ATMs.  It has called for a Request for Proposal (RFP) from vendors to manage about 7,843 cash dispensers (ATMs).

Vendors will be expected to have all capabilities to remotely capture and initiate appropriate action in the event of any problems at these cash dispensers. They will be expected to ensure that the downtime of these ATMs in metro and urban areas is less than 3 per cent, while it is less than 6 per cent in rural areas.

SBI had 32,777 ATMs as of September 30, 2013. It has expanded its network steadily in the past few years, adding about a third of its network (about 11,000 ATMs) in the past 18 months.

ATM operations have however not been profitable, SBI chief Arundhati Bhattacharya said in an interview to PTI.

Don't miss the stories followIndiaVision News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
RBI buying dollars in spot market & selling it in forward market to stabilise rupee

RBI buying dollars in spot market & selling it in forward market to stabilise rupee

Gold prices on monday fell by Rs 15 to Rs 30,200 per ten grams

Gold prices on monday fell by Rs 15 to Rs 30,200 per ten grams

Related posts