HCL bags order worth over Rs 40 crore from SBI

IT firm HCL Infosystems today said it has bagged an order of over Rs 40 crore from public sector bank State Bank of India (SBI) and associated banks to deploy, maintain and service their ATMs.

As per the agreement, HCL will deploy over 1,000 ATMs and cash dispensers with enhanced features such as Braille and support for multi-lingual content, HCL Infosystems said in a statement.

"We have been focusing on providing innovative banking and finance solutions for the Indian market...Given the potential of this sector, we are sure that with our ATM solutions we will be able to raise the bar for the banking and financial solutions in India," HCL Infosystems Chief Operating Officer J V Ramamurthy said.

Going ahead, HCL also plans to introduce rural ATMs, meant for deployment by banks in locations with relatively low transaction volumes and also help in the Financial Inclusion initiatives of banks, it said.