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ANUSH RAGHAVAN
CMS bags Rs 400 cr contract to manage 6,000 HDFC Bank ATMsCMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years...- Fixed-price ATM pacts are the new normal for banksIndian banks are moving to fixed-price contracts for ATM management. This change replaces older transaction-based models. Banks seek cost s...
- Banks bank on cash recyclers in new ATM cycleIndian banks are set to deploy nearly 17,350 ATMs in the coming months. A significant majority of these will be advanced cash recyclers. Th...
- CMS wins Rs 1,000 crore SBI integrated cash solutions contract for 5,000 ATMsState Bank of India has awarded a significant Rs 1000 crore, 10-year contract to CMS Info Systems. This deal covers cash outsourcing for 5,...
- CMS Info Systems shares jump 3% as IPPB awards contract for 1,000 ATMsCMS Info Systems share price: CMS Info Systems has secured a key contract from India Post Payments Bank (IPPB) to replace 1,000 ATMs and ca...
- CMS Info Systems to replace 1,000 ATMs for India Post Payments Bank"One of the big wins we had was with the department of post. This was a former customer of AGS, and when they shut down, the department dec...
- Number of ATMs with ₹100 or ₹200 notes rises sharplyReserve Bank of India set a target. Banks must ensure 75% of ATMs dispense smaller notes by September 2025. Currently, banks reached 73% al...
- Cash withdrawals from ATMs on riseA recent report indicates a continued rise in ATM cash withdrawals, with some states experiencing up to 8% growth. The average cash dispens...
- Cash still matters in the digital world: ReportDespite the rise of digital payments, ATM cash withdrawals are increasing, particularly in states like Bihar and Uttar Pradesh, with CMS In...
- Cash in circulation more than doubles since FY17 on consumption demandThe currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Signific...
- 'Metros drive consumption in H1, rural and semi-urban areas closing in'Metro cities had grown the fastest from Q2 of last fiscal to Q1 of FY24. The aviation sector saw the highest growth of 29.7%, along with th...
- ETMarkets Management Talk: We are confident of doubling our FY25 revenue target to Rs 2,500-2,700 cr: Anush RaghavanIn our Cash Logistics business, the network has further expanded in the quarter by 12% YoY with 129,000 business points. This highlights th...
- Cash withdrawals at ATMs rise 235% since 2016 demonetisationMaharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh together accounted for 43.1% of the total ATM cash replenished by CMS Info Sy...
- Cash in circulation at a decadal high even as digital payments soarSimultaneously, digital modes of payment have also soared manifold since the demonetisation in late 2016 , underscoring the apparent dichot...
- Retail consumers loosen purse strings in December, jewellery sees maximum spendingJewellery saw the biggest spends on CMS channels with a total value of ₹651 crore in the month of December, compared with ₹541 crore in Jan...
- CMS to hire 1,000 employees in next 2 monthsAnush Raghavan, Senior Vice-President and Head – Cash Business Unit of the CMS said that with a network spanning over 115,000 ATMs and reta...
- Lockdown period cash demand almost double the levels of last year's election phaseCash infused by the Reserve Bank of India or the currency in circulation amounted to Rs 1.42 lakh crore between April 01 and May 15, the la...
- Cash growth during Diwali week highest ever, Currency to GDP ratio returns to pre-demonetisation levelsCash in circulation has almost doubled during the Diwali week ending November 09 to Rs 49,420 crore from Rs 28170 crore in the Diwali week ...
- Cash management companies form SRO to address industry risksThe move is a part of the Reserve Bank directive to banks that came out in April for setting standards for engaging service providers in ca...
- RBI norms on cash logistics firms to enhance security, create more jobs: CLAThe guidelines have bring the companies at par with global standard and practices, and help greatly improve security of the public money, t...
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