Bank of India, Dena Bank, Indian Bank, Syndicate Bank, United Bank of India and Union Bank of India, on 26/07/2003, signed an MOU and have come together to set up value added shared ATM network whereby customers of any of the above mentioned Banks can access ATMs of other member Banks. This is the first of its kind among the PSU Banks in India who have taken a customer centric initiative to share their IT resources.