Which bank has the most ATMs in India?
According to RBI's data (as on 30th Sep 2022) under public sector banks SBI has highest number of ATMs in India i.e. 65796 ATMs & Punjab and Sind Bank has 803 ATMs.
- Chase: More than 15,000 ATMs.
- Bank of America: About 15,000 ATMs.
- Wells Fargo Bank: About 11,000 ATMs.
State Bank of India (SBI)
With its headquarters in Mumbai, SBI is India's largest public sector bank. It has 22,405 branches in India, holds a 23 percent market share, and has a strong presence abroad, with more than 233 foreign branches in 36 countries.
Detailed Solution
The correct answer is the National Payments Corporation of India.
Maharashtra has the highest number of ATMs in the country at the end of June, according to Reserve Bank of India data. The state had 24,829 ATMs, about 11.5% of cash dispensing machines across the country.
NCR Atleos' Allpoint is the largest surcharge-free ATM network worldwide with over 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, United Kingdom, Puerto Rico, Australia and Mexico.
HDFC is the largest private sector bank in India at present and also ranked as Number 1 Bank in India according to as per Forbes World's Best Bank survey.
Which bank is the safest bank in India? The Reserve Bank of India (RBI) regulates the safety of banks in India. Among the prominent banks known for their stability and safety measures are the State Bank of India (SBI), HDFC Bank, ICICI Bank, and Punjab National Bank (PNB).
The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.
Who controls ATMs in India?
ATMs in the country are controlled by the National Payments Corporation of India (NPCI). How many white-label ATMs are there in India?
The first ATM in India was set up in 1987 by HSBC in Mumbai. In the following ten years, about 1500 ATMs were set up in India. In 1997, the Indian Banks' Association (IBA) set up Swadhan, the first network of shared ATMs in India.
Being a clearing / settlement bank to various leading stock exchanges, the Bank has branches in centres where the NSE / BSE have a strong and active member base. The Bank also has a network of 18,089 ATMs across India.
Muthoot ATM installation franchise for banks:
The Muthoot ATM franchise opportunity is available across Indian locations and is a great way to earn anywhere from ₹30,000 to ₹90,000 per month, depending on the number of transactions a day. In other words, a great location with more footfalls earns you more money.
The correct answer is State Bank Of India. State Bank of India opened a floating ATM on a Houseboat at Dal Lake in Jammu and Kashmir's Srinagar for the convenience of locals and tourists. The floating ATM was inaugurated by SBI Chairman Dinesh Khare.
ATMs such as India1 are known as white label Atms. They are set up by non banking entities under an RBI license with an objective to drive ATM penetration in rural areas. In 2013 RBI gave 10 licenses to companies such as BTI Payment, Tata Payments, Muthoot etc. These are not set up for any one bank.
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
- HSBC. ...
- Standard Chartered Bank. ...
- DBS Bank. ...
- Barclays Bank. ...
- Deutsche Bank (DB) ...
- Bank of America (BofA) ...
- Bank of Bahrain and Kuwait (BBK) ...
- Industrial and Commercial Bank of China (ICBC)
Who owns most ATMs?
Since 2017, Cardtronics' network counted over 200,000 affiliated ATMs and is the largest ATM owner/operator in the world.
The HALO II is the best selling ATM in the industry. This ATM provides the best value of any retail cash dispenser with added peace-of-mind from enhanced security features at an affordable price. This member of the Nautilus Hyosung retail family offers an improved UL 291 business hours safe with added...
| Bank Name | Profit (Rs.) | Market Cap |
|---|---|---|
| HDFC Bank | 46440 Cr. | 11.05 Trillion |
| ICICI Bank | 31,896 Cr. | 7.01 Trillion |
| Axis Bank | 6,071 Cr. | 3.27 Trillion |
| Kotak Mahindra Bank | 4,264 Cr. | 3.56 Trillion |
In Q1 and Q2 of the current fiscal year, public sector banks earned a cumulative profit of about ₹34,418 crore and ₹33,643 crore, respectively. Punjab National Bank emerged as the top performer in terms of percentage growth in profit as the net profit of the bank grew by 253% YoY in Q3 to ₹2,223 crore.
| Sr.No. | Bank Name | Rates of Interest(p.a.) |
|---|---|---|
| 1 | State Bank of India | 2.70% - 3.00% |
| 2 | Union Bank of India | 2.75% - 3.55% |
| 3 | HDFC Bank | 3.00% - 3.50% |
| 4 | ICICI Bank | 3.00% |
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