Monday, July 15, 2013

ATM business set to grow further in India, say experts

...........“Banks are aggressively expanding their ATM network across India and now it is convenient for bank customers to visit ATMs than going a bank branch,” said Navroze Dastur, managing director of NCR India — the largest ATM manufacturer in the country. From 69,000 ATMs in January 2012, the number has risen to 121,000 with the sector now attracting new players. The Reserve Bank of India (RBI) has now allowed private companies to set up ‘White Label’ ATMs ( the machines are owned by companies and not by banks themselves)...........

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