SBI plans to add 26,500 ATMs in five months

State Bank of IndiaBSE 2.66 %plans to add 26,500 ATMs over the next five months to take the total count to 65,000, a move that will strengthen the ATM network of the country's biggest lender and its five associate banks. The SBI group - SBI and the associate banks - already runs India's largest ATM network with 38,779 machines. A bank executive said SBI will, by March 2014, set up 7,800 ATMs under its own brand, while 17,200 will be brown-label ATMs that will be managed by a third-party vendor. SBI has given CMS Info Systems, a Mumbai-based IT solutions provider, the contract to instal, manage and service 7,800 ATMs, the executive said. 

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