News

Indian IAD wins contract to install 7,850 ATMs

October 20, 2013

In a contract valued at more than Rs 450 crore ($73 million), independent ATM deployer CMS Info Systems has been commissioned by the State Bank of India to deploy more than 7,850 ATMs across the country.

The contract includes implementation services and installation for the Nautilus Hyosung ATMs, as well maintenance and support for a 7-year period, the release said. The ATMs are to be deployed across all regions in India with a particular focus on semi-urban and rural areas.

This is the single largest deployment contract awarded by any bank in the country, according to a CMS press release.  

"We are honored to be awarded this project by SBI, in executing what is possibly the single largest ATM deployment in the world," said CMS Info Systems executive vice chairman and CEO Rajiv Kaul. 

"We shall leverage our deeply entrenched cash management network of over 2500+ towns and experience in project management, to significantly improve access, uptime, and quality of service for the bank's customers," he added.

Read more about installation and deployment.