ICICI Bank deploys ‘Robotic Arms’
ICICI Bank has become the first major bank in the country in the list of private banks in terms of lending. Not only this but now robots are also deployed in ICICI Bank for counting notes.
- Counting of notes with the help of robots inside ICICI Bank in 12 cities of the country
- With the help of robots, counting of about 1.80 billion notes will be done annually.
Anubhuti Sanghi, head of ICICI Bank’s operations and customer service, said that these robotic arms are currently working in cities:
Mumbai, and Sangli (Maharashtra), New Delhi, Bangalore, Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri, and Varanasi.
She said that these 14 machines (robotic arms) have been deployed in 12 cities so that all these can count 6 million notes in a working day or about 1.80 billion notes annually.
She said that ICICI is the first commercial bank in India and one of the few banks in the world to deploy industrial robots for cash processing. Shanghai said, “These robotic arms machine can operate continuously without any breaks using different sensors on more than 70 parameters.”
After the clean note policy was made mandatory by the Reserve Bank of India (RBI), banks sort the note in their currency chests with high-technology note sorting machines and only then send them to their branches / ATMs.
#ICICIBank takes yet another technological leap, becomes the #1st commercial bank in the country and among few globally to deploy industrial ‘Robotic Arms’ to power and digitise note sorting at its currency chests. #RoboticsAtICICI pic.twitter.com/W3EstmEI4D
— ICICI Bank (@ICICIBank) August 29, 2019