Indian banks' ATM outlay to hit $1 billion by '06

November 15, 2005

The Financial Express: Indian banks' investment in ATMs, currently pegged at nearly U.S. $500 million to $700 million, is slated to hit $1 billion by the end of fiscal year 2006, given their focus on network expansion. In this context, ATM availability becomes an important issue for banks' return on investment.