The public sector giant is opening its ATM network for the first time to any other bank or a network.
The agreement between SBI and the two banks will be signed next week. SBI, along with its associate banks has the largest network of over 2,000 ATMs in the country.
All the ATMs of SBI and its associate banks are interconnected through a single switch. ICICI Bank has around 1,700 ATMs while HDFC Bank has 830 ATMs.
An SBI customer will now be able to use more than 4,500 ATMs across the country, which is larger than any multi-bank network.
The country now has four multilateral ATM networks
