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CMS Info Systems has signed a 10-year, INR 1,000 crore contract with SBI to manage 5,000 ATMs nationwide, marking the first major direct cash outsourcing deal for a public sector bank. The contract, expected to generate an additional INR 500 crore in revenue, focuses on improving cash efficiency and ATM uptime for millions of customers. CMS played a vital role in stabilizing ATM operations during disruptions in 2025, and the announcement boosted the company's share price significantly.
CMS Info Systems, a company specializing in cash logistics, has secured a significant contract from the State Bank of India (SBI) to manage 5,000 of its automated teller machines (ATMs) across the country. The agreement, valued at INR 1,000 crore, spans 10 years starting from January 1 and covers managed services, enhancing cash efficiency, and improving ATM uptime to benefit millions of bank customers. Advertisement
According to CMS, this marks the first direct large-scale cash outsourcing deal with a public sector bank in India, covering ATMs nationwide. CMS Chief Business Officer Anush Raghavan said the contract is expected to generate an additional revenue of INR 500 crore for the company. He added that the long-term arrangement will offer stability and high-quality services to millions of consumers through seamless self-service banking.
Raghavan also noted that a significant portion of India's ATM network faced disruptions in 2025, and CMS played a key role in stabilizing ATM operations for several banks. The announcement positively impacted CMS shares, which rose 4.13 per cent to Rs 355.80 on the BSE, outperforming the benchmark index, which saw a minor 0.09 per cent decline.
Source PTI
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