Sources in the ATM vendor and cash logistics industry said the transaction will be the largest of its kind, and the bank is expected to float a request for proposal (RFP) in 45 days.
SBI has around 25,000 on-site ATMs, and the RFP - on execution - will mean 40 per cent of such ATMs will be maintained by external agencies. The bank's total ATM base, on-site and off-site, stood at 63,580 in FY24.
SBI did not respond to queries sent by Business Standard a week ago.
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