Friday, 24 March, 2023

ICICI Bank unveils ‘Robotic Arms’ to aggregate note sorting at its currency chests

<p style="text-align:justify"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt">ICICI Bank has announced the deployment of industrial &lsquo;Robotic Arms&rsquo; to digitise operations at its currency chests, making it the first commercial bank in the country to do so. The robotic arms have been made put into action at the bank&rsquo;s currency chest across 12 cities of the country. It will now help in sorting over six million notes every working day and 1.8 billion annually, said Anubhuti Sanghai, its Operations &amp; Customer Service Head.</span></span></span></p>