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CMS Info Systems bags Rs 1,000 crore contract from SBI
Jan-07-2026

CMS Info Systems has secured a contract worth Rs 1,000 crore from State Bank of India (SBI). This is the first such direct large PSU bank cash outsourcing contract, covering around 5,000 bank-owned ATMs across India. It is a 10 year contract, which will include managed services, improving the cash efficiency, and delivering higher ATM uptime to benefit millions of bank customers. The contract goes live in January 2026.

This contract further strengthens the long standing relationship between the company and SBI, building on the company’s partnership with the bank through large and complex projects, including multi vendor software solution (ALGO MVS), vision AI solution HAWKAI, and managed services for ATMs.

CMS Info Systems operate its business in cash management services, banking automation product sales, deployment and associated annual maintenance and Label deployment and managed services for banks.

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