A P Mahesh Co-operative Urban Bank intros RuPay ATM card
Intended primarily for no frills account holders, the Rupay ATM card is expected to draw more users to the bank's ATM channel.
Banktech India News Network, 2/6/2012 11:32:34 PM
The A.P. Mahesh Co-operative Urban Bank has launched its Mahesh
RuPay ATM card in collaboration with National Payment Corporation
of India (NPCI). Intended primarily for no frills account holders,
the Rupay ATM card is expected to draw more users to its ATM
channel while also reduce the overall transaction costs for the
bank.
Commenting on the launch, A P Hota, managing director and chief
executive officer of NPCI said that in the longer run, increasing
use of ATM cards will prove to be cost-effective for both the
lenders and its customers and that the A P Mahesh Co-operative
Urban Bank had taken a lead in the cooperative sector in south
India by launching its ATM card.
According to reports, the bank's business has crossed Rs 17.75
billion and it plans to expand its branch network to other states
in the country. At present, it has a total of 36 branches majority
of which are located in Hyderabad and its twin city,
Secunderabad.
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