Mumbai-based Central Bank of India, a public sector lender, plans to expand its ATM network by 1,750 machines by March 2013. All of the new machines will be owned and maintained by an IAD.
According to a story from the Business Standard, The bank now has 1,901 machines in its fleet, with the most recent one going on line just this week in Mumbai. The newly added ATM is notable for being the first to be installed under a contract bidding process undertaken earlier this year by the country's public banks.
According to a statement, by M.V. Tanksale, chairman and managing director of Central Bank of India, the FI has devised a plan to increase its ATM fleet to 3,650 machines within the next six months.
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