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(released in July, 2014)
During 2012-13, Karur Vysya Bank (KVB) continued to pursue its growth trajectory by adding 100 branches and 457 ATMs (including both cash recycling ATM as automated direct cash deposit terminal and cash dispensing ATM) throughout India. After keen competition, the Hitachi Cash Recycling ATM was chosen as the preferred direct cash deposit terminal solution. To date, the bank has installed 153 units with more installation anticipated in the near future.
The seamless integration of the Hitachi Cash Recycling ATM into the service spectrum of KVB has yielded several positive results for the institution:
These major milestones have also been achieved because of the unit's ability to perform securely and its flexible design. Additionally, factors such as the unit's stable performance, robust design which keeps the unit functional in adverse climactic conditions and near-zero failure record, have also contributed to Karur Vysya Bank's decision to acquire and deploy the Hitachi Cash Recycling ATM all over India. With this great success with KVB, Hitachi-Omron Terminal Solutions continues to develop innovative banking solutions in India.
Play the video "State-of-the-art ATM Technology- Success" (Time - 1 minutes 44 seconds)
Note: "BNA (Bunch Note Acceptor) is the industrial term of Cash Deposit ATM in India"