ICICI Banks 1,000th ATM, in Mumbai
By Our Banking Bureau | 09 Apr 2002
Mumbai: ICICI Banks 1,000th ATM was inaugurated in Mumbai last week. A press release issued here said the bank has invested in the Base24 software, developed by the Chennai-based Financial Software and Systems (FSS). The bank used it to establish connectivity across all its ATMs.
ICICI Bank plans to increase the number of its ATMs to 3,000 in the next 18 months, the release added. At present, the bank clocks an average of 2,50,000 transactions per day across its entire ATM network - this translates into 250 transactions per ATM.
The bank has also implemented the Prognosis System Management and Monitoring tool, which enables it to track all ATM-related failures. Prognosis is a product of Integrated Research of Australia, marketed in India by FSS.