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Thursday, Dec 08, 2005


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Money & Banking - Public Sector Banks

IOB ties up with NCR to set up 150 ATMs

Our Bureau

Mumbai , Dec. 7

INDIAN Overseas Bank said it would be setting up 150 ATMs in a phased manner. The ATM network will be deployed by NCR Corporation, the bank said in a press release.

NCR will also deliver total installation services for the provision and management of infrastructure including construction and civil work, interior decor, power and telecom connectivity for the ATMs.

The expansion of the ATM network is one of the many technology drives by IOB. The bank hopes to migrate routine transactions to the ATM channel and deploy the bank personnel for more value-added activities, the press release said.

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