HCL Infosystems, a systems integration company, has today announced that it has bagged an order of Rs 40 crore from State Bank of India (SBI) and associated banks to deploy maintain and service automated teller machines (ATMs).

HCL will deploy over 1,000 ATMs and cash dispensers across the country. The state of the art ATMs will come with enhanced features like Braille enablement and support for multi lingual content. This is a first of its kind order for HCL Infosystems since its tie-up with Korean major Nautilus Hyosung to provide ATM solutions for banks across the country.

"We have been focusing on providing innovative banking and finance solutions for the Indian market. Given the potential of this sector we are sure that we will raise the bar for banking and financial solutions in India," said J V Ramamurthy, chief operating officer, HCL Infosystems.

The total number of ATM installations is approximately over 40,000 units and the ATMs per million people is roughly units as compared to Korea which is 1920 units. Experts forecast that the compounded annual growth rate is expected to be at 18 per cent by 2013. With just over 40,000 ATMs in India and a population of 1.2 billion, there is a demand for ATM banking services across India.

Source: Business Standard