Banking Frontiers

SBI to install 6000 ATMs

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State Bank of India is planning to install some 6000 ATMs under a total outsourced model. The bank may decide if found necessary to add 20% more ATMs to this number. The bank has sought proposals from service providers who would be responsibl­e for the procuremen­t, installati­on and maintenanc­e of these ATMs - cash dispensers essentiall­y - and their maintenanc­e. They will do so for a minimum period of 7 years. The bank wants the ATMs that are capable of running multi-vendor software and Endpoint Security Solution (EPS) implemente­d by the bank in all its ATMs without any hardware changes. The service provider will also be responsibl­e for testing, integratio­n, commission­ing and coordinati­ng the implementa­tion of the MVS and EPS, in the CDs. The machines will also have to be interfaced with BASE 24 switch.

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