CMS Info Systems to Manage Cash in Thousands of SBI ATMs under ₹1,000 Crore, 10-Year Contract

Mumbai: India’s largest bank, the State Bank of India (SBI), has awarded a major contract to CMS Info Systems Limited (CMS) to manage cash and provide related ATM services. The contract, valued at ₹1,000 crore, spans 10 years and covers around 5,000 SBI ATMs across the country.

According to reports, the contract starts January 2026. Under this agreement, CMS will ensure that SBI ATMs remain operational, adequately stocked with cash, and efficiently managed. This is expected to benefit millions of customers by reducing downtime and ensuring seamless access to banking services.

This marks the first time a large public-sector bank in India has outsourced such a significant portion of its ATM operations directly to a private company.

About CMS Info Systems:
CMS Info Systems provides logistics and technology-driven solutions to banks and financial institutions. CMS’s Chief Business Officer, Anush Raghavan, said, “This ₹1,000 crore, 10-year contract with SBI is a landmark deal for us. It will generate an additional ₹500 crore in revenue and give us long-term stability. In 2025, we helped several banks overcome significant challenges in ATM services, and this contract will allow us to continue delivering uninterrupted banking services to millions of customers.”

Under this agreement, CMS will offer comprehensive ATM services, strengthening its longstanding partnership with SBI. The company has previously collaborated with SBI on projects such as the ALGO MVS™ multi-vendor software solution, HAWKAI™ Vision AI solution, and managed services for ATMs.