LONDON -- India's new private sector banks, HDFC Bank, IDBI Bank, UTI Bank and ICICI Bank, have placed orders totalling 500 ATMs with NCR Corporation. Some 250 ATMs have also been ordered by other financial institutions in India.
The orders account for a four-fold growth for NCR this year and represent a 50 percent increase in India's total installed base of ATMs.
UTI Bank placed an order for 200 Personas 75 ATMs. Hemant Kaul, vice president of marketing and retail banking, said, "Our partnership with NCR has been central to our strategy of bringing new technology in the financial services market in the country and pioneering new uses of ATMs like bill payments."
"We are investing in further support services for ATM deployers in India. By the end of this year we expect to be number one in market share after only four years of entering the market," said Bob Tramontano, vice president of marketing and new business development for NCR's Financial Solutions Group.
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