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IDBI
Bank, Andhra Bank in strategic alliance to share ATMs
Our Banking Bureau
26 August 2003
 Hyderabad:
IDBI
Bank and Andhra Bank have announced a strategic alliance
to increase their automated teller machine (ATM) reach.
IDBI
Bank acting chief executive officer Ajay Bimbhet and Andhra
Bank chairman and managing director B Vasanthan said the
two banks have entered into an agreement, which complements
the strengths of the two and gives customers the benefit
of the shared ATM network across the country.
Following
this alliance, the customers of both IDBI Bank and Andhra
Bank will be able to use the services currently being
offered such as cash withdrawal and balance enquiry.
 Both
the banks also plan to expand the bouquet of ATM services.
The shared network of 527 ATMs will accept all ATM, debit
and credit cards issued by both the banks.
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