Reliance Infocomm And State Bank Of India Tie Up

[Chirag 5]

Reliance Infocomm and State Bank of India tie up for CDMA wireless connectivity for 100 ATMs

Largest deployment of wireless ATMs in India

DAKC (Dhirubhai Ambani Knowledge City), Navi Mumbai April 16, 2004

India's largest bank, State Bank of India and the largest wireless service provider, Reliance Infocomm have tied up for CDMA wireless connectivity for 100 ATMs across the country. This is the largest migration of ATMs in wireless connectivity mode and marks an important milestone in the banking and wireless communication fields.

The agreement follows the successful pilot installation of a few ATMs by State Bank of India using Reliance Infocomm's wireless connectivity over the last four months. State Bank of India, on February 09, 2004, had deployed India's first floating ATM in a ferry that transports people and vehicles to Kochi from Vypeen, a nearby island using Reliance Infocomm's wireless connectivity.

"The CDMA-based Wireless connectivity solution enables quick deployment of ATMs by banks, apart from the advantage of rolling out a nationwide network of Wireless ATMs that are secure and cost efficient. Unlike VSAT-based connectivity, which banks traditionally rely on, the CDMA solution eliminates the need of rooftop rights and the resultant delays. Reliance Infocomm's CDMA-based Wireless connectivity scores over other ATM connectivity options on counts like speed of deployment, mobility and cost," said an official of the State Bank of India.

"We are proud to partner with the State Bank of India in bringing the benefits of world class technology to India. With its decision to deploy wireless ATMs across the country, the State Bank of India has emerged as the leader in new generation banking practices that takes advantage of the latest developments in information and communication technology. We hope to introduce more such innovative solutions that will help Indian enterprises to offer world class services to their customers" said Mr. Kishore Oka, Head - Finance Vertical, Reliance Infocomm Ltd.

About State Bank of India

The State Bank Group has a presence in every area of the financial sector viz. Banking, Mutual Fund, Life Insurance, Merchant Banking, Credit Cards, etc. State Bank of India is India's largest commercial bank in terms of branches, assets and profits. At the end of financial year 2002-2003, the Bank had total assets of Rs.3758.77 billion (US$79.15 billion), total deposits of Rs.2961.23 billion (US$ 62.35 billion) and a net profit of Rs.31.05 billion (US$ 654 million). The Group has a large network of over 3800 ATMs.

About Reliance Infocomm

Reliance Infocomm Ltd., a Reliance group company, is India's largest mobile service provider with over 7 million customers. Reliance Infocomm has established a pan-India, high-capacity, integrated (wireless and wireline) and convergent (voice, data and video) digital network, to offer services spanning the entire Infocomm value chain - infrastructure, services for enterprises and individuals, applications and consulting.