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HCL to Deploy 1,000 ATMs for SBI in Rs.40 Crore Deal

Zoya Anna Thomas
Monday, August 31, 2009
Zoya Anna Thomas
HCL Infosystems has bagged an order of over Rs. 40 crore from the State Bank of India (SBI) and associated banks to install, maintain, and service Automated Teller Machines (ATMs) across India. Under the contract HCL will deploy over 1,000 ATMs and cash dispensers across the country.

"This order from SBI is once again a recognition of our reach and capability to rollout and support technology solutions across the country. Given the potential of this sector, we are sure that with our ATM solutions we will be able to raise the bar for the banking and financial solutions in India," says J.V. Ramamurthy, Chief Operating Officer, HCL Infosystems.

HCL also plans to introduce rural ATMs, meant for deployment by banks in locations with relatively low transaction volumes and also help in the Financial Inclusion initiatives of banks.

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