Wednesday, March 30, 2011

Ratnakar Bank inks deal with AGS Transact Technologies

Ratnakar Bank has entered in to an agreement with the AGS Transact Technologies. According to the agreement AGS technologies will install ATMs for the lender and will also provide with technology based solutions for banking, retail, petroleum and postal sector.

The Head of Ratnakar Bank (Direct Banking Channels) Mr. Ritesh Rai said "The ATM deployment is a part of our plan towards aggressive expansion in the country. We have been looking for a strategic partner to help us with this objective. AGS' expertise in ATM management will help us in gaining a strong foothold and increasing our network."

President and CEO of AGS Transact technologies Mr. Sunil Udupa said "We have been servicing 10,000-plus ATMs through our state-of-art 24X7 command center that gives confidence to our customers. With this, we believe we can add great value to the bank's initiatives."

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