Ratnakar Bank ties up with AGS Transact technologies for ATMs

Top Quote AGS will deploy 250 ATMs for the bank implementing the 'outsourcing model'. End Quote
  • (1888PressRelease) March 30, 2011 - AGS Transact Technologies Ltd, one of the leading system integrators in the business of touch-point transformations has signed an agreement with Ratnakar Bank, for deploying 250 ATMs under the outsourcing model. Under this agreement, AGS will deploy ATMs and all related equipments such as UPS, AC etc. and maintain ATMs and ATM sites.

    Speaking on the arrangement, Mr. Ritesh Pai, Head - Direct Banking Channels Of Ratnakar Bank said, "The ATM deployment is a part of Ratnakar Bank's plan towards aggressive expansion in the country. We have been looking for a strategic partner to help us with this objective. AGS Transact Technologies' expertise in ATM management will help us in gaining a strong foothold and increasing our network of ATMs."

    Speaking on the order, Mr. Sunil Udupa, President & CEO - AGS Transact Technologies Ltd. Said, "We are happy to partner with fast growing Ratnakar Bank in their ATM Channel initiative. AGS has been servicing 10,000 plus ATMs through our state-of-art 24X7 command center that gives confidence to our customers. Added to this, we leverage the relationship we have with our retail customers to get one of the best ATM locations for our banking customers. With this we believe we can add great value to Ratnakar Bank initiatives."

    About AGS Transact Technologies Ltd.

    AGS Transact Technologies Ltd. offers technology-based solutions for banking, retail, petroleum and postal sectors. Equipped with an extensive experience in banking technology, AGS provides a complete suite of banking products. AGS Transact Technologies Ltd. product lines include ATMs, Cash Dispensers, Cash Deposit Machines, Banking Kiosks, Biometric ATMs, Self-Service Passbook Printers, Cheque deposit Kiosks, Assisted Teller Systems, Consulting services include Lobby Banking and Branch Design.
    The company also offers total implementation services as well as managed services for ATMs. AGS Transact Technologies Ltd. is positioned as a partner that enables its clients to transform the way they do business. The success of the company lies in its ability to transform touch-points.
    For more Information, please visit : http://www.agsindia.com/

    About Ratnakar Bank

    Ratnakar Bank is a scheduled commercial bank established in 1943, with registered office at Kolhapur and having a rich business legacy in the region serving the trading, agri & manufacturing sectors through a network of 98 licensed branches spread across Maharashtra, Gujarat, Delhi, Karnataka and Goa. It had assets of Rs 2,086 crores and deposits of Rs 1,585 crores as of March 2010. The bank's leadership includes a highly experienced team with strong credentials - the Bank has recently concluded a very successful equity issue that would enable the Bank to invest in technology, people, process and infrastructure.

  • FB Icon Twitter Icon In-Icon
Contact Information