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BANCS (Banks' ATM Network and Customer Services) is a consortium of member banks with one settlement bank; it currently has 13 member banks with eight more to join the network shortly. Members in BANCS: BANCS would support ATMs of member banks- Bank of Maharashtra, Bank of Bahrain & Kuwait, Greater Bombay Co-op Bank, Centurion Bank, Central Bank of India, UTI Bank, Punjab & Sind Bank, IDBI Bank Ltd, Ratnakar Bank Ltd, SBI Commercial & International Bank, Cosmos Bank, Air Corporation Employees Co-op Bank, Saraswat Co-op Bank. Nearly eight more banks are expected to join this bandwagon. Bank of India will be the settlement bank for the BANCS network. ISC is supporting the network of member Banks through a mix of VSATs, ISDN and leased lines as well as latest technology of CDMA and GPRS from various Infrastructure providers for the ATMs. |
