Searched for
PROSEGUR
ATM cash loaders demand more money to cover increasing expensesCash logistics firms are urging banks for higher ATM replenishment fees due to escalating operational costs. Soaring fuel prices and increa...- SIS Ltd eyes Rs 20,000 crore revenue in FY27; targets 5 lakh workforce by 2030SIS Ltd targets Rs 20,000 crore revenue by FY27. The security and facility management firm anticipates strong growth fueled by network expa...
- 3 smallcaps live through slump season to show good prospectsThese firms have reported top line and bottom line expansion for the fourth straight quarter.
- Cash logistics firms emerge as the hero in times of distressIt does not help that banks have decided to prioritise disbursement of cash from the branch over ATMs. This slows down disbursement.
- Short of new Rs 100 notes, logistics companies work double time"We have made some recommendations to ease the bottlenecks in cash supply and ensure the increase in the per ATM limit."
- Vault to ATM, cash logistics firms working round the clockOn an average, the eight cash logistic firms refill close to Rs 15,000-20,000 crore daily in ATMs in the country. With a fleet of 110 cash ...
- Why your neighbourhood ATM is shut or running out of cash in a few hoursThe first urgent need was to clear ATMs of the old currencies and bring them to the headquarters. The task was daunting because in the firs...
- Recalibrating ATMs for denominations other than Rs 100 will take over 2 weeksThe delay is due to the small size of the industry which is responsible for maintenance and operations of the ATMs. There are eight cash lo...
- SIS Security sets up new JV with Spain's Prosegur; Enters B2C segmentAs per the terms of the new joint venture, the yet-unnamed new entity will receive an initial capitalisation of Rs 100 crore from SIS and P...
- With Rs 750 cr, SIS Security looks to consolidate its position via acquisitionsSIS has raised debt financing of about Rs 600 cr from National Australia Bank, with the rest coming from internal accruals, as it looks to ...
- Companies look to acquire Brink’s cash management unit in India, Latin AmericaHitachi’s Prizm, Thomas Cook, SIS and some PE players are among the cos looking to acquire US-headquartered Brink’s cash management unit in...
- Private equity heavyweights Baring, Carlyle and Temasek front-runners to buy CMSOriginally set up in 1976 as CMS Computers to maintain IBM machines, CMS Info Systems was spawned out of its parent in 2009.
- Stricter norms for ATM cash handling companies likely: IBARobberies involving cash vans has made the Indian Banks Association come out with minimum eligibility criteria for cash replenishment agenc...
- SIS Prosegur acquires cash management business of ISSCash logistics firm SIS Prosegur has acquired the cash management business of Danish major ISS for about Rs 150 crore, according to two peo...
- ATMs may run dry on shortage of guards this festival seasonThere may be cash crunch at ATMs this festival season on account of shortage of armed staff in private security agencies that provide logis...
- ATMs may run out of cash if governments fail to secure delivery vansYour neighbourhood ATM may run dry by month end if the government fails to resolve concerns raised by cash logistic providers.
- Improve currency management ops: Finmin to banksThe committee noted that keeping such high volume of currency in the chests adversely impacts the efficiency of the banks’ operations.
- Government aims at complete financial inclusionThe move is expected to give a push to govt’s plan to roll-out the Aadhaar-enabled cash transfer for 29 schemes from January 2013 in 51 dis...
- Prosegur gets FIPB nod to invest in Security and Intelligence Services (India)The joint venture will offer cash management solutions to Indian banks, financial institutions and organised retail firms.
- Spanish security major joins hands with SISProsegur is forming a 49:51JV with Security and Intelligence Services (India) to offer cash management solutions primarily to Indian banks,...
Load More
