Financial Daily from THE HINDU group of publications
Thursday, Aug 28, 2003
Financial Daily from THE HINDU group of publications Thursday, Aug 28, 2003 |
|
|
|
|
|
Money & Banking
-
Information Technology 5 banks to share ATMs Our Bureau
New Delhi , Aug. 27 PUNJAB National Bank, Oriental Bank of Commerce, Indian Bank, UTI Bank and Global Trust Bank have tied up for sharing their ATMs spread across the country. A MoU for the tie-up has been signed by the five banks. The network of the five banks has about 1,700 ATMs, which would go up to 3,000 spread across 140 cities by the end of this fiscal. A few other banks are expected to join the network shortly, a PNB release said. There are 3.5 million cardholders of the five banks, which is to increase to 5 million by March 2004. RBI's arm, Institute for Development and Research in Banking Technology, is providing the dedicated network for the ATM network connectivity. The Chennai-based Financial Software & Systems has been appointed as the application service provider.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|