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Banking industry

Diebold Inc. Secures Second Major ATM Deployment Contract with State Bank of India

Strategic Insights

— 1 min read

Diebold Inc., a North Canton, Ohio-based ATM manufacturer, has signed its second ATM deployment contract with State Bank of India, with a massive order of 1,700 ATMs, including 1,000 cash dispensers, 600 full-function lobby machines, and 60 cash recyclers. The deal, worth millions, is the second major contract awarded to Diebold India, based in Mumbai, in two years. This contract marks a significant milestone for Diebold Inc., further solidifying its position as the world's third-largest ATM manufacturer based on annual shipments.

Key Takeaways:

  • Diebold Inc. has secured a second major ATM deployment contract with State Bank of India, worth millions of dollars.
  • The contract involves the supply of 1,700 ATMs, including 1,000 cash dispensers, 600 full-function lobby machines, and 60 cash recyclers.
  • The ATMs to be supplied are the D450 and D422 models, specifically designed for the Indian market by Diebold India.
  • The D450 and D422 models feature low power consumption, using about 40% less electricity than conventional processors.
  • The contract is the second major win for Diebold India in two years, with the company having handled services for portions of State Bank of India's ATM network.
  • With the new ATMs, State Bank of India's ATM network will exceed 28,000 machines.
  • Diebold Inc. operates in 90 countries and is the world's third-largest ATM manufacturer based on annual shipments.

Statistics:

  • 1,700 ATMs to be supplied to State Bank of India.
  • 1,000 cash dispensers, 600 full-function lobby machines, and 60 cash recyclers.
  • 40% less electricity consumption compared to conventional processors.
  • 28,000 number of ATMs in State Bank of India's ATM network post-deployment.
  • 90 countries where Diebold Inc. operates.
  • Third-largest ATM manufacturer in the world based on annual shipments.

Sources:

  • "Diebold Inc. inked its second ATM deployment contract since 2009 with State Bank of India." - Euclid Infotech Pvt. Ltd., distributed by Contify.com
  • "Diebold Inc. operates in 90 countries." - Euclid Infotech Pvt. Ltd., distributed by Contify.com
  • "The self-service market evolves, automated self-service deposit functions continue to gain popularity," - Naresh Hosangady, Vice President and Managing Director of Diebold South Asia, Euclid Infotech Pvt. Ltd., distributed by Contify.com
  • "Diebold functions in 90 countries." - Euclid Infotech Pvt. Ltd., distributed by Contify.com

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