The country's largest lender State Bank of India (SBI) today signed a $10-million (around Rs 46 crore) deal with the city-based Opus Software Solutions to upgrade its ATM network.

"Opus Software Solutions has signed a $10-million deal with SBI to replace their existing ATM platform," Opus said in a release today.

Also Read   Related Stories News Now - SBI tragets 1,000 branches in Chandigarh circle - SBI gets Chinese nod to lend in yuan - SBI prefers rights issue to raise capital: Bhatt - State forms e-payment facility for commercial taxes - Vedanta raises Rs 17,000 cr debt for Orissa project - Bhatt sees SBI base rate at 8%

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr More

"...These numbers are expected to double (including ATMs) by 2014, making this the largest installation in the world," it added.

Migration of ATMs has already commenced and would be complete in the next six-eight months, Opus said.

Opus is implementing this solution through its wholly owned subsidiary ElectraCard Services.

The company is also providing other solutions from its electra suite to enable SBI to implement ‘go-to-market’ strategies quickly and deliver value added services to its customers.

"These include an Internet payment gateway, 3D Secure authentication software, debit card management software and a fraud management solution," it said.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

Tags : Opus Software | State Bank of India | SBI | largest lender | ATMs upgradation   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Help a Child Achieve her. Click to know more -  Journey on, We are by Your Side. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here