Public sector lender Allahabad Bank has laid up a plan to set up as many as 2000 point of sale (POS) terminals in the country by end of this financial year. In this regard, the bank is already in talks with 3-4 companies for tie ups, said CMD of the bank, Mr J P Dua.

"We are in advanced stages of discussion with a few companies for technical collaboration.

We are hopeful of firming up the plan within the next three months and we intend to roll out 2,000 PoS terminals by the end of this fiscal to begin with," Mr Dua said.

POS terminals would enhance the fee based income of the bank along with benefitting the CASA ratio figures.

"We will aim to grow our fee-based income by about 30 per cent this year," he said.