The State Bank of India (SBI) is likely to hire 500 ATMs from external agencies to reduce capital expenditure and improve capital service; this was reported by government sources.
Minister of State for Finance P.K. Bansal stated in a written reply in Lok Sabha, “It would be done on a pilot basis to reduce capital expenditure in setting up ATMs and to improve availability of ATMs to customers”.
“Besides, it will improve the quality of customer service,” he said adding: “The process of site identification for installation of ATMs has begun.”
According to the information available on the website of the bank, SBI is having over 8,500 ATMs in
Replying to another question, Bansal said that there is no recession in the economy.
Although in the situation of the global financial crisis, the government with a view to safeguard the growth process has announced fiscal incentive measures on 7 December.
He pointed out that there is no fiscal crisis or destabilization of markets in
About problems faced by investors while putting money in the initial public offer, Bansal stated that some of the problems and risk identified are related to disclosures in offer documents, non-receipt of shares after allotment, delayed receipt of refunds, non-receipts of refunds etc.
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