Indian Bank In Pact With Andhra Bank To Share ATM Network

Chennai, June 29 | Updated: Jul 1 2004, 04:55am hrs
Public sector Indian bank has joined hands with Andhra Bank whereby the customers of both banks can access 400-odd networked ATMs across India .

The Chennai-based Indian Bank already had arrangements for sharing ATM networks with a bank consortia of Punjab National bank, UTI bank, Global Trust Bank and Oriental Bank of Commerce, said its chairman and managing director BN Rao.

Also, under another Cash Tree initiative, Indian bank shares ATM network with Syndicate Bank, Union Bank of India, United Bank of India and Dena Bank.

Considering the new agreement with Andhra Bank, the Indian bank customers can share 3000 ATMs, he said, after the signing the agreement with Andhra Bank CMD TS Narayanaswami, at Chennai on Monday.

He said Indian bank was also planning to introduce maestro debit cards by August this year.

Mr Narayanswami said the bank had similar bilateral pacts with HDFC Bank and IDBI Bank.

PTI