US-based ATM manufacturer NCR Corporation has bagged a Rs 334-crore order from SBI to install over 7,000 cash-vending machines, making this the single largest order in the country. NCR is the largest player in the domestic ATM market with over 1 lakh cash-vending machines running.
Its new ATMs are equipped with the latest anti-fraud security solutions. “State Bank has awarded NCR with the single largest order of ATMs in the country. The agreement, valued at around Rs 334 crore, has to be executed over the next seven years, and NCR will deploy 7,070 cash-vending machines, software solutions and provide services support,” NCR India Managing Director Navroze Dastur told. SBI Deputy Managing Director and Chief Information Officer Mrutyunjay Mahapatra said, “We are pleased to be associated with market leaders like NCR. This partnership continues to strengthen our ATM channel network of over 57,000 ATMs, of which, NCR has almost half the base supporting more than 4,500 locations.”