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News Updates & Events : ATMIndia.com
         ATMindia.com offers you the latest News & Events updates regularly in this section.
NEWS & UPDATES
Do Not give details of Your Bank Account or Credit / Debit Cards on Email / Phone
Ref : Chamber Patrika on dtd. 05.08.2014
Bank association opposes proposal to install CCTV cameras at ATM kiosks
Ref : MID DAY METRO on dtd. 04.12.2013
Safety measures suggested : CCTV cameras inside and outside the ATM
Ref : MID DAY METRO on dtd. 04.12.2013
RBI to Allow Non-Banking Entities to Set Up ATM's
idbi bank first in Asia to introduce a revolutionary new Payment Product
Highest ATM in India!
World's First Floating ATM!
Banks join hands to set up Value-Added Shared ATM Network.
Outsourcing ATM services - a new breed of services.
Dena Bank stops Swadhan Network usage from 31st July 2003.
State Bank of India ordered 1,500 ATMs from NCR Corporation!
ICICI Bank, has announced it's first VRS programme
State Bank of India (SBI) has announced net profit of Rs 3,105 crore!
According to a study by Crisil, Indian Banks have unbooked profits of Rs 63,900 crore!
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News & Updates @ ATMINDIA.com
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Highest ATM in India
Thegu, near the Nathula Pass in Sikkim, which at 13,200 feet is the highest ATM in India. ATM is capable of handling rough weather & sub-zero temparatures.

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Worlds first floating ATM
SBI will be launching a floating ATM.The boat fitted with an ATM will berth near hotels and places of worship.Floating CDMA technology will keep the ATM operational.

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Banks join hands to set up Value-Added Shared ATM Network.
Five public sector banks Syndicate Bank, Bank of India, Indian Bank, United Bank of India and Union Bank of India -have joined hands and set up value added shared ATM network.

These ATMs would accept Visa and Master Cards also in time to come (source Free Press Journal).

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Outsourcing ATM services - a new breed of services.

A new breed of service providers are now offering services like identifying the location for the ATMs, installation, making cash deposits etc.

Bank of India is using this outsourcing model. Mr.Harish Murthi is one of the service providers in this field. Cost reduction of around 60% is claimed by ATM service providers.

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Dena Bank stops Swadhan Network usage
Dena bank customers holding the ATM cards of Swadhan network will NOT be able to operate these ATMs in effect from 31st July, 2003. Customers of Dena bank have the option to apply for Dena Bank's own ATM / Debit card through their respective branches. For more information, please visit their Website!
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State Bank of India ordered 1,500 ATMs from NCR Corporation!
The State Bank of India has ordered 1,500 ATMs from NCR Corporation to be delivered over the next 18 months. This order includes installation and network management. SBI ATMs also features facilities such as payment of fees, touch screen ATM locator, multi-lingual screens.
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ICICI Bank, has announced it's first VRS programme!
ICICI Bank, has announced it's first VRS programme. This `Early Retirement Option' would be available to all employees who have completed 40 years of age and seven years of service with the bank as on July 31, 2003.

The bank will give as compensation either three months salary for every year of completed service or the salary of remaining months of service whichever is lower. About 2,000 people of the total employee strength of 11,000 would be eligible for this VRS.
(Source: banknetindia.com)
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State Bank of India (SBI) has announced net profit of Rs 3,105 crore!
State Bank of India (SBI) has announced net profit of Rs 3,105 crore (Rs 2431.62 crore), registering a growth of 27.69 per cent. The operating profit stood at Rs 7,775.40 crore (Rs 6,044.83 crore), recording a growth of 28.63 per cent. The capital adequacy ratio was 13.5 per cent (13.35 per cent), net NPAs to net advances 4.5 per cent (5.63 per cent) and gross NPAs 9.34 per cent (11.95 per cent).

The income from treasury operations and the profit on the sale of Government securities increased to Rs 1,715 crore (Rs 341 crore). SBI has declared 85 per cent dividend (Rs 8.5 per share) compared to 60 per cent in 2001-02.
(Source: banknetindia.com)
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According to a study by Crisil, Indian Banks have unbooked profits of Rs 63,900 crore!
According to a study by Crisil, Indian Banks have unbooked profits of Rs 63,900 crore, which can absorb an interest rate shock of up to 241 basis points (bps) in case the rates move upward. Crisil, however, does not expect significant movement in rates in a one-year time frame and thus there are little chances of erosion in the banks’ investment portfolio.

According to Crisil, the estimated weighted average maturity of all outstanding gilts is 8.05 years and the weighted average modified duration is 5.14 years. A modified duration of 5.14 implies that for every 100 bps increase in interest rates, the value of the portfolio shall decline by 5.14%.
(Source: banknetindia.com)

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 idbi bank first in Asia to introduce a revolutionary new Payment Product
idbi bank, one of the country’s fastest growing banks, has introduced a revolutionary new product called “Card-to-Card Money Transfer”. idbi bank is the first bank in Asia to provide this unique facility to its customers. With this unique product, customers can transfer funds from their bank account to any Visa card anywhere in India. This can be done simply & conveniently through idbi bank’s netbanking, ATM or branches.

For More Details Click here
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