CashTree explained

Cash Tree
Area:	India
Members:	6

CashTree is an interbank network in India founded by five public sector banks, Syndicate Bank, Bank of India, Indian Bank, United Bank of India and Union Bank of India, for sharing their automated teller machine (ATM) networks.^[1]

The network was founded in 2003, with Dena Bank later joining the network.^[2]

Members

• Bank of India
• Dena Bank
• Indian Bank
• Syndicate Bank
  • United Bank of India Union Bank of India

Competitors

• Cashnet
• MITR
• BANCS

Notes and References

1. Web site: Indian ATM access grows with CashTree shared network. July 27, 2003. www.atmmarketplace.com.
2. Web site: CashTree, Bancs in ATM sharing talks. Our Banking. Bureau. February 27, 2004. Business Standard.