IndusInd Bank to triple solar-powered ATMs in 2 yrs

IndusInd Bank plans to triple the number of solar-powered ATMs in its network in the next two years, Romesh Sobti, Managing Director & Chief Executive Officer, has said.

Plans are afoot to increase the bank's overall ATM network strength to 1,500 ATMs in 2 years, of which at least one-fifth would be solar-powered, Sobti told Business Line on the sidelines of an event here.

Currently, IndusInd Bank has 750 ATMs, of which 100 are solar-powered.

"We are the only bank in the country to have solar powered ATMs. Every solar powered ATM is 20 per cent more expensive (than normal). Over 10 years, it is economically viable," he said.

He pointed out that corporate social responsibility has sustainability elements and saw solar powered ATMs as part of this effort.

Sobti was in the Capital for the launch of a unique platform "Treasures of Rajasthan", which is being brought to the Capital by the Maharaja Sawai Man Singh II Museum Trust.

IndusInd Bank is sponsoring the first edition of this exposition, which will showcase heritage and boutique travel destinations along with exquisite crafts of Rajasthan.

srivats.kr@thehindu.co.in