Diebold Inc. said it would manage more than 1,100 automated teller machines in India for Axis Bank Ltd., the country's third-largest private-sector bank.
Diebold, of North Canton, Ohio, said Monday that it will provide incident monitoring, vendor management, cash forecasting and replenishment, caretaker services, consumables management and site maintenance.
"Delivering these services will help strengthen our relationships with customers," Naresh Hosangady, Diebold's vice president and managing director for South Asia, said in a press release. "We are proud to actively partner with Axis."
Diebold and Axis, of Mumbai, have worked together for several years for ATM upgrades, electronic journal facilities and consumables management, the companies said.
Axis has more than 1,200 branches and more than 5,500 ATMs in India.
Diebold's India business provides services for more than 18,000 ATMs across the country.
