HSBC was the first bank to have established an ATM machine in India in Mumbai in the year 1988.The country is likely to see addition of over one lakh ATMs in the next four years with banks expanding their rural and semi-urban network towards achieving greater financial inclusion, according to a study."The number of ATMs doubled in the last three years, reaching 99,218 ATMs in june 2012.The industry is expected to continue on the path of high growth and reach 200,000 ATMs by 2016," global research and advisory firm said in a study.
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