People in this day and age have a great need for ATMs. Through ATMs, people may effortlessly take money from their bank accounts from any location. At the same time, a bank informed its clients of excellent news. Actually, a bank has plans to double the number of ATMs in its network, which will be expanded today.
Debit card
government sector In order to expand its reach, Punjab and Sind Bank wants to add 600 additional ATMs to its current network over the next two years. This information was provided by Punjab and Sind Bank’s managing director, Swaroop Kumar Saha. He also stated that the bank plans to add 50 additional branches in the current fiscal year, bringing its total number of locations up to 1,050.
Bank of Punjab and Sind
According to him, the creation of new branches would boost the volume of inexpensive deposits and facilitate the introduction of lending products. “We’re working to improve operational effectiveness so that we can lower costs and boost fee income,” Saha added. We are making progress in a vast array of areas, including expanding the ATM network and enhancing the digital banking experience.
Using an ATM
He said that since users of ATMs from other banks pay about Rs 17 for each transaction, the ATM network itself might be profitable. According to him, the bank is currently revamping its “Core Banking Solution” (CBS), which will enhance the digital experience and increase efficiency. On August 14, 2023, the bank’s share price on the NSE closed at a price of 33.70.
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