State Bank of India to launch cash recyclers across country

19 Aug 2014 Evaluate

State Bank of India (SBI) along with its associate bank has decided to launch 4300 cash recyclers, which will accept as well as dispense currency notes through replenishment and recycling of note. The bank will launch these recyclers across the country by end of March 2015 as replacement for old ATMs or cash-dispensers that are seven years or more old.

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.

SBI Share Price

752.60 18.55 (2.53%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.