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The 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. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system.

The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system.

CMS Info Systems plans to expand into gold logistics and retail loan repayments collection, having already piloted these ventures. With over Rs 2,000 crore revenue in fiscal 2023, CMS aims for incremental growth. The company sees potential in India's formalizing bullion sector and the evolving lending ecosystem. It has collaborated with major clients and institutions for its pilot programs. Confident in delivering revenue targets, CMS anticipates upper-half performance in its revenue target range of Rs 2,500-2,700 crore for fiscal 2025.

Shareholding data shows that fund managers raised their stake in Whirlpool of India by 20 percentage points to 31.14% in Q4FY24 against 11.12% in the preceding quarter ended December 31

Puneet Bhirani will join CMS Info Systems as its president of operations. Before this, was the COO at Byjus for two years building and managing the hybrid learning business across 300+ centres.