Andhra Bank launches bio-metric ATM

Saturday, March 17, 2007, 10:45 [IST]

Hyderabad, Feb 26 (UNI) Chairman and Managing Director of Public Sector Andhra Bank K Ramakrishnan today launched 'bio-metric' ATM at Kondapur here, saying the security advantage of this technology was that it could not be borrowed, lost or stolen.

He said bio-metric technology could authenticate an individual by measuring his or her distinct physical characteristics or behavioural traits.

He said 120 to 150 bio-metric ATMs would be set up in the next 12 months. With the opening of this ATM, the bank had 500 ATMs, apart from a shared network of 18,000 ATMs.

UNI

Topics: BUSINESS-AP-ANDHRA BANK

Other articles published on March 17, 2007

Teledata acquires 51 per cent from eSys technologies

Saturday, March 17, 2007,10:45 [IST]

Chennai, Feb 26 (UNI) The city-based Teledata Informatics Limited, a leading technology solutions provider, has acquired 51 per cent stake from the Singapore-based eSys technologies with an investment of 105 million Dollars. The new entity, to be called as Teledata Technologies, with eSys as its subsidiary, would set up a six acre Total Business Offshoring (TBO) unit in Chandigarh with an initial investment of Rs 75 crore, which would be scaled up to Rs 200 crore in the next two years......

SRF bags Platinum Greentech Safety award

Saturday, March 17, 2007,10:45 [IST]

Chennai, Feb 26 (UNI) The Greentech Foundation has awarded 'Platinum Greentech Safety' award to SRF Limited for outstanding achievement in the field of OHSAS industrial fire safety and security and environmental management. SRF Limited is a leading player in technical textiles, refrigerant gases and having operating interests in packaging films and pharma intermediates, a release said here today. The primary objective of the Greentech Foundation, a non-profit organisation, is to promote education, training, research in all matters of environment.....

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Calsoft enters strategic alliance with China

Saturday, March 17, 2007,10:45 [IST]

Chennai, Feb 26 (UNI) California Software Company Limited (Calsoft) has entered into a strategic alliance with Malata in China, an internationally renowned original equipment manufacturer (OEM) for mobile phones, DVD players, LCD monitors, set top boxes and MP3 players. Under this arrangement, Calsoft will provide software engineering to enhance Malata product line, a company release said here today. The company manufactures over 10 million electronic devices a year and Calsoft will offer its hi-tech services to facilitate Malata to.....

CI mulls increasing sales

Saturday, March 17, 2007,10:45 [IST]

Chennai, Feb 26 (UNI) Computers International (CI), a national award winning company, has planned to increase it sales to Rs 100 crore in the next three years. To achieve this, the company had acquired space in the IT corridor to accommodate 500 more IT professionals. The company is embracing the theme of ''Create Wealth and Share Wealth'', CI President R Sarada said and added that in the coming years, the company plans to build a strong asset base. The company.....

Prithvi Info Allot 50 mn USD FCCBs to Lehman Brothers

Saturday, March 17, 2007,10:45 [IST]

Hyderabad, Feb 26 (UNI) Prithvi Information Solutions Limited has allotted Zero Coupon FCCBs to the tune of 50 million USD to Lehman Brothers International (Europe), at a conversion price of Rs 469.13 per equity share. Each bond was of the value of 100,000 USD and the yield to maturity would be 8.58 per cent. The bonds would be listed on the Singapore Stock Exchange. ''The company has already identified a few companies for acquisition. With financial closure now done, Prithvi will.....