who inaugurated the first Atm in India and in which year?
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The first ATM in India was set up in 1987 by HSBC in Mumbai. In the following twelve years, about 1500 ATMs were set up in India. In 1997, the Indian Banks' Association (IBA) set up Swadhan, the first network of shared ATMs in India.
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The first Atm in India:
- In 1987, the Hong Kong & Shanghai Banking Corporation introduced the ATM concept to India, which Diebold implemented.
- In Andheri (East) Mumbai, the first ATM was inst-alled.
- The first automatic teller machine was invented by Mr. John Shepherd Barror, and the first model was constructed and deployed in London in 1967.
- ICICI Bank was the first bank to offer a mobile ATM.
- Swadhan, the first network of shared ATMs, was established by the Indian Banks Association (IBA).
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