Kotak Bank sets up ATMs at Mumbai Metro stations

The private sector lender Kotak Mahindra Bank today said it has set up a total of 24 ATMs across the 12 stations of the city's newly launched Metro.
The Metro services on the 11.4 km-long Versova-Andheri-Ghatkopar section started yesterday.
The bank has installed 2 ATMs at every station. Its executive vice president (consumer banking) Puneet Kapoor said that with these new ATMs, the total number of the bank's ATMs now stands at 1,116.
It plans to add 134 more, to take the tally to 1,250 by the end of this financial year, Kapoor said.
He said the bank is also looking at increasing the number of cash depositing machines from the current seven to 15 across its various branches in the country by March end.

In the fourth quarter of FY14, the bank opened 70 branches and its total branch network stood at 605 as of end March 2014.
It plans to expand the branch network to 715 by the end of FY15 and 1,000 by end 2016.