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  • NCR Announces Deals Totaling $10 Million With Leading Indian Banks; NCR Providing ATMs and Maintenance Services for SBI's and ICICI's Expanding Networks

Press Release

NCR Announces Deals Totaling $10 Million With Leading Indian Banks; NCR Providing ATMs and Maintenance Services for SBI's and ICICI's Expanding Networks

May 13, 2002 at 10:35 AM EDT
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LONDON, May 13, 2002 (BUSINESS WIRE) -- NCR Corporation (NYSE:NCR) today announced that it has concluded automated teller machine (ATM) and maintenance services deals with a combined value of over $10 million with two major Indian banks, State Bank of India (SBI) and ICICI Bank.

SBI and ICICI are the two largest banks in India and both are expanding rapidly in the financial self-service market. Each of these banks now have an installed base of over 1,000 ATMs and have announced plans to double that figure by March 2003.

NCR has long-standing relationships with SBI and ICICI and is by far their leading supplier of ATMs. In addition to providing over 600 ATMs, NCR is providing maintenance services for these units.

Keith Taylor, senior vice president of NCR's Financial Solutions division, said, "We identified India as a key market some time ago and invested while the market was in the early stages of development. This enabled us to build good relationships with the leading banks."

"Our initial efforts have paid off, as NCR is well positioned as the market leader in India," said Taylor. "We are experiencing rapid growth in demand for financial self-service hardware and service support, and are continuing to invest heavily in this market." 

    About NCR Corporation
NCR Corporation (NYSE:NCR) is a leader in providing Relationship Technology(TM) solutions to customers worldwide in the retail, financial, communications, manufacturing, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata(R) warehouses and customer relationship management (CRM) applications, store automation and automated teller machines (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 30,300 in over 100 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.com.

NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. 

CONTACT:          NCR Corporation - London
                  Wynne Evans, +44-20-7725-8997
                  wynne.evans@ncr.com

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