(Source: Datamonitor)
ATM and retail and financial electronics company NCR has announced a seven-year contract with the State Bank of India (SBI) to provide 3,800 ATMs and ATM services. Financial terms of the deal were not disclosed.
Under the deal, NCR will undertake ATM deployment, site implementation services, second line maintenance and managed services. The order includes ATMs equipped with DVSS (Digital Video Surveillance Systems) to counter frauds.
India's largest bank has more than 10,000 NCR ATMs out of the 15,000 ATMs it has already deployed across the county.
Rajiv Arora, general manager for Sales in India at NCR, said: "This order reiterates our leadership position in the Indian ATM market place and reinforces our long-standing partnership with SBI, which continues to value our self-service technologies to better serve their customers by making formal banking services available when and where they want."
NCR reported a 44% decline in net income to $24m for the second quarter 2009, on revenue down 16% at $1.12 billion. During the quarter it relocated its headquarters from Dayton, Ohio, to suburban Atlanta where it planned to build a manufacturing facility for its next-generation SelfServ ATM family.
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