CMS Info Systems to set up 3,000 ATMs for SBI by March

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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.
With this, total number of BLAs under CMS Info Systems would increase to 5,000.
The company would invest Rs 200 crore for putting up new ATMs and hire 2,000 employees for managing these sites.
The contract is valid for seven years, extendable up to three years on mutual agreement.
CMS provides end-to-end ATM management service.
According to data from the Reserve Bank of India, the banking system had 1,13,981 onsite ATMs and 96,068 offsite ATMs at the end of September 2020.