State Bank of India (SBI) is reportedly planning to outsource the management of some of its ATMs. The bank has asked for a Request for Proposal (RFP) from vendors to manage about 7,843 cash dispensers (ATMs). The bank is expecting from Vendors to have all capabilities to remotely capture and initiate appropriate action in the event of any problems at these cash dispensers. SBI had an ATM network of 32,777 as of September 2013 and has declared aggressive plans of expansion.
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012
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