CMS Secures ₹1,000 Crore SBI ATM Outsourcing Contract

BANKINGFINANCE

Overview

CMS Info Systems secured a ₹1,000 crore, 10-year contract from State Bank of India to manage cash solutions for 5,000 ATMs nationwide. The deal, effective January 2026, significantly boosts CMS's revenue outlook and marks a key outsourcing win for a major PSU bank.

Landmark PSU Bank Deal

State Bank of India awarded CMS Info Systems a ₹1,000 crore, 10-year contract for integrated cash solutions across 5,000 of its ATMs nationwide. The agreement, scheduled to commence in January 2026, represents a significant move for the public sector lender in outsourcing critical cash management operations.

This marks the first direct, large-scale cash outsourcing contract awarded by a public sector undertaking (PSU) bank to an ATM player. CMS Info Systems will provide managed services aimed at improving cash efficiency and significantly increasing ATM uptime for millions of State Bank of India customers.

Revenue Outlook Boost

CMS Info Systems anticipates incremental revenue growth of approximately ₹500 crore from this landmark deal. Anush Raghavan, Chief Business Officer at CMS Infosystems, stated the contract offers substantial stability and supports the company's active role in stabilizing ATM operations across India.

Strengthening SBI Partnership

The win underscores a clear industry preference for integrated solutions in bank outsourcing. It further solidifies the existing relationship between CMS and SBI, building on previous collaborations for complex projects including multi-vendor software solutions and AI-driven vision systems.

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