State-owned banks are racing against time to install more than 5,500 ATMs in the last quarter ending March to meet the target for the current fiscal.
Of the 27 PSBs, Bank of India, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank have exceeded their planned ATM installation while Dena Bank is yet to set up any against its target of 1,200 ATMs. The public lenders have installed 10,447 ATMs so far against the total of 15,949 planned for 2015-16, according to the quarterly data of the Finance Ministry. The country’s largest bank, SBI, has put up 3,107 ATMs as against the planned 4,000 ATMs in April-December of the current fiscal.
