Broadband satellite networks and services provider, Hughes Communications India Limited (HCIL), has provided secure network connections to over 12,000 off-site ATMs and rural bank branches in 2014. This move follows the company?s aim of providing network connections, enabling every citizen to be within 15 minutes walking distance to a bank or an ATM by 2016.
The company has been awarded contracts worth Rs 300 million during 2014. These contracts have been awarded by eight different banks including Punjab National Bank, HDFC Bank, Oriental Bank of Commerce, Bank of Baroda, IDBI Bank, Dena Bank, Punjab & Sind Bank, and Odissa Gramya Bank.
HCIL has provided a total of 50,000 satellite networking connections to ATMs and bank branches in the country till date.
