.....By 2017, research provided by NCR Corporation, another ATM maker, suggests that the installed base of these machines in India will reach 400,000 machines, from about 100,000 in the third quarter of 2012. This translates into a compound annual growth rate (CARG) of 28 per cent compared to 2011, and overall growth of 350 per cent during the full period. That is precisely why some of the world's largest ATM makers, such as Diebold and NCR Corporation, are fixated with India - and Finance Minister P Chidambaram's Budget announcement, that every public sector bank branch in the country will have an ATM by March next year, has only added to the momentum.......
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