State Bank of India has signed a contract with NCR Corporation for the supply of 1500 ATMS, which will be deployed across the country in the next 18 months.
With this roll out, SBI will have the largest ATM network in India with over 3000 units. Under the deal, NCR will provide the bank with hardware, installation and network management services.
The ATMs will include multi-lingual screens and software for voice activiated transactions. The units will also feature high value services such as mobile phone top-ups and utility bill payment.
AK Purwar, chairman, State Bank of India, says there is a technological revolution sweeping the banking and finance sector in India.
"For us and our consumers, the differentiator will be technology and our ability to serve our customers in a manner most convenient to them," he adds.