India's Canara Bank targets 2,000 new ATMs by March 2014

Canara Bank can boast of having 5,000 ATMs by the end of next fiscal.

This will be made possible by the opening of 2,000 ATMs by March 2014.

"In order to increase our delivery channel, we will be opening 2,000 ATMs by March 2014," Canara Bank Executive Director A K Gupta said while inaugurating the first e-lounge of the bank here.

The bank has about 3,200 ATMs spread across the country at present.

The Bangalore-based bank has about 3,700 branches in the country and 6 overseas branches.

Gupta said the e-lounge is the first such delivery point in Delhi which will provide customers facility to update their account, withdraw and deposit funds beyond the banking hours.

Customers can also use net facility to do banking operations and stock trading, he said, adding, video conference facility is also available for interaction with the bank officials.

The bank also intend to open 8 such centres at various locations in the country in the next two months. These e-lounges will cater to the needs of customers round-the-clock and all seven days of the week.

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