SBI signs up for largest ATM network in country

State Bank of India (SBI), India's largest bank, has contracted with Diebold, Incorporated (NYSE:DBD) for the largest automated teller machine (ATM) expansion project in the country's history.   After the expansion is complete, SBI's total ATM network will have grown to nearly 12,000 installations. Late in 2008, SBI proposed the largest ATM bid ever in India for 4,000 ATMs and awarded the majority of the contract to Diebold. This is part of SBI's plan to support its strategic self-service expansion plan and service its widespread customer base across India. 
As part of the contract Diebold, the global leader in integrated financial self-service delivery, is providing SBI with its full-function model D450 ATM, which is specially designed for the Indian market. The D450 ATM has the smallest footprint compared to the other ATMs in the Indian industry. Adding to SBI's current network, the D450 will feature Diebold's high-performance Agilis® XV 91X software and a 15" touch-screen which improves the customer experience by enabling interactive transactions. The order also includes ATMs with fingerprint biometric features for identity verification.
With nearly 10,000 branches and an additional 5,000 affiliate branches, SBI offers the largest banking network to the Indian customers. The ATM network expansion plan will strengthen SBI's mission of providing banking services and solutions across the length and breadth of the country.
The contract also includes ATM site preparation and managed services. Currently, Diebold provides managed services solutions for more than 3,500 of SBI's ATMs across India.  It also offers remote monitoring of the ATM network 24 hours a day, seven days a week. The proposed sites are environmentally friendly and unique from a conventional ATM site. These sites will be designed for lower power consumption and maintenance costs, which will enhance operational efficiency.
 "We are actively partnering with SBI in their expansion efforts by providing innovative solutions that will enhance the customer experience." said Naresh Hosangady, Managing Director, Diebold India. "With this project, Diebold is the leading provider of solutions in the ATM industry- including managed services.  We will continue to provide solutions to address the specific needs of the Indian market," he added.
About Diebold India
Diebold India is a wholly owned subsidiary of Diebold, Incorporated and is headquartered in Mumbai, India, with an infrastructure supporting more than 780 locations across the country.  A leader in managed services for ATMs in India, Diebold provides services 24 hours a day, seven days a week to more than 11,000 ATMs in the country