SBI plans to add 8,000 more ATMs this fiscal

Written By Unknown on Rabu, 15 April 2015 | 23.25

The RBI last November had capped the number of free transactions a month to five, with a charge Rs 20 for every subsequent transaction, thus ending months of uncertainty.

State Bank of India  (SBI) today said it is looking to add another 8,000 ATMs for both accepting and dispensing cash, with a view to ramping up its existing network.

"We have plans to add 4,000 recyclers, which do both cash dispensing and deposits. (Apart from that) we are also planning to install 2,000 cash dispensers and 2,000 cash deposit machines," SBI Managing Director for national banking and Group Executive, B Sriram told reporters here.

He said the bank currently has an ATM network of 43,000 of its own, which dispense an average of Rs 2,400 crore in cash per day through 25 crore transactions per month. Sriram declined to comment on the impact of the recent review of the ATM fee policy, merely saying "we shall wait for the quarterly results".

But he added that the number of transactions at the bank's ATMs are now "substantially higher", at an average of 25 crore a month.

The RBI last November had capped the number of free transactions a month to five, with a charge Rs 20 for every subsequent transaction, thus ending months of uncertainty.

Sriram was speaking on the sidelines of the launch of a new ATM (automated teller machine) by American electronics company NCR, which controls 47 per cent of the cash vending/ deposit machine market in the country.

NCR claims that its newly-launched machine reduces costs by up to 40 per cent and helps enhance the user experience.

The locally-manufactured machine had a global launch today and has been developed by the company's research and development centre in Hyderabad, its managing director Navroze Dastur said. But he refused to disclose any sales target. 

SBI stock price

On April 15, 2015, State Bank of India closed at Rs 290.00, up Rs 4.55, or 1.59 percent. The 52-week high of the share was Rs 335.90 and the 52-week low was Rs 194.90.


The company's trailing 12-month (TTM) EPS was at Rs 16.39 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 17.69. The latest book value of the company is Rs 156.34 per share. At current value, the price-to-book value of the company is 1.85.


Anda sedang membaca artikel tentang

SBI plans to add 8,000 more ATMs this fiscal

Dengan url

http://gayafashionshow.blogspot.com/2015/04/sbi-plans-to-add-8000-more-atms-this.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

SBI plans to add 8,000 more ATMs this fiscal

namun jangan lupa untuk meletakkan link

SBI plans to add 8,000 more ATMs this fiscal

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger