Central Banking

Indian bank unveils first mobile ATM

ICICI Bank has taken technology one step further with the launch of its first mobile automated teller machine (ATM). The bank has got the Reserve Bank of India (RBI) approval for the mobile ATM in Punjab. "We have also applied for mobile branch licences for the four metros," said senior bank officials.

The central bank has been reluctant to grant that bank a branch licence for the mobile ATM launched in Mumbai city on Thursday. Bank officials stated that this was because of the defined ratios