Epic Research Update : State Bank of India

State Bank of India (SBI), the country’s largest public sector bank is planning to open 400 more ATMs in Kerala by the end of March 2014. Currently, the bank operates more than 41,000 ATMs across the country. The bank has recently opened its 1,000th ATM at Sasthamangalam in Kerala. The bank is also planning to install 79 more Cash Deposit Machines (CDM) at various branches. At present, the SBI has installed CDMs in 35 branches which help customers avoid queues.

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