CMS Info Systems to invest Rs 200 crore; set up 3,000 SBI ATMs by March
The outsourced model or Brown Level ATM (BLA) is managed by the service provider on behalf of bank
PTI | January 6, 2021 | Updated 09:51 IST
CMS Info Systems will set up 3,000 ATMs by March for State Bank of India (SBI) as the country's largest lender looks to expand the outsourced model. The outsourced model or Brown Level ATM (BLA) is managed by the service provider on behalf of bank. Most of these ATMs are offsite ATMs.
"CMS has received mandate from SBI for a deployment of 3,000 ATMs. As a part of the term sheet, CMS will select the site, deploy ATMs, provide cash management services, regular maintenance, and upkeep of ATMs," CMS Info Systems President Manjunath Rao told . With this, he said, total number of BLAs under CMS Info Systems would increase to 5,000. He said the company would invest Rs 200 crore for putting up new ATMs and hire 2,000 employees for managing these sites.