CMS completes execution of Managed Services mandate of 5200+ ATMs for Punjab National Bank

CMS Info Systems Limited (CMS), India's leading business services company offering banking logistics and technology services, has completed the execution of ATM Managed Services of 5,200+ ATMs for Punjab National Bank (PNB) across 526 cities and towns in 26 states. The completion of this mandate makes CMS the largest ATM Managed Services provider to PNB.

The mandate includes end-to-end management of their designated ATM network through a single point of accountability including monitoring, cash management and forecasting of cash replenishments, and ensuring high availability and uptime.

"We are glad to partner firmly with the country's second largest PSU bank. CMS has always believed in deepening its relationship with its clients through a solution-oriented approach. We look forward to further providing our assistance to banks and financial institutions in their quest for a branchless banking experience with the help of new-age technology, that secures their ATMs operations cycle and provides a safe customer experience." said Manjunath Rao, President - Managed Services, CMS Info Systems.

CMS is one of the leading companies in India to offer a large-scale implementation roll-out covering remote towns by providing complete ATM solutions. CMS' Managed Services business includes Banking Automation, ATM-as-a-Service and Technology Solutions, for the site infrastructure, security and customer experience.

Shares of CMS Info Systems Limited was last trading in BSE at Rs. 347.70 as compared to the previous close of Rs. 340.60. The total number of shares traded during the day was 70071 in over 1930 trades.

The stock hit an intraday high of Rs. 351.05 and intraday low of 337.80. The net turnover during the day was Rs. 24307346.00.

Source : Equity Bulls

Keywords

INE925R01014 CMSInfoSystems ATMManagedServices PNB PunjabNationalBank