State-run banks may set up only
14,855 ATMs by December, leaving an uphill task of installing close to 20,000
more cash dispensing machines by March-end to achieve the target of at least
one onsite ATM in every branch.
Pursuant
to Budget 2013-14 announcement, PSU banks were required to ensure an onsite ATM
in all 72,340 branches by the end of the current financial year.
In March 2013, only
37,672 branches had onsite ATMs, and thus 34,668 more were to be installed.
As per the roll-out
schedule of ATM installations, the state-owned banks should have set up 25,950
cash dispensing machines by December 2013 or about 75 percent of the target.
SBI had put in place
2,266 ATMs till December and has to install 2,221 more by March, 2014,
according to the progress report of ATMs installation at all branches of banks.
Allahabad
Bank has set up 385 ATMs and is yet to install 2,033 more.
United
Bank of India has to set up 1,044 ATMs to meet the overall target of 1,342.
Bank
of India, Indian Overseas Bank, Syndicate Bank and Punjab National Bank need to
set up 1,319, 1,004, 1,560 and 1,408 ATMs, respectively.
However,
Bank of Baroda, IDBI Bank and Vijaya Bank have to set up only 02, 32 and 39
ATMs, respectively to meet their targets.
There
26 public sector banks, including country's largest lender State Bank of India
and its associates.
