State Bank Of India

CMS Info Systems has reportedly received a contract worth Rs 450 crore from State Bank of India (SBI) to deploy more than 7,850 Automated Teller Machines (ATMs) across India. This is one of the largest deployment contract given by any bank in the country, which include total implementation services, ATM installation, maintenance and support for a 7 year period.  ATM's will be deployed across all regions in India with a significant focus on semi urban and rural areas.

On the consolidated basis, SBI group registered 11.82% fall in its net profit after taxes and minority interest at Rs 4298.56 crore for first quarter ended June 30, 2013 as compared to Rs 4874.70 crore for the same quarter in the previous year. However, total income of the bank, on consolidated basis, has increased by 12.23% at Rs 52502.29 crore for quarter under review as compared to Rs 46782.70 crore for the quarter ended June 30, 2012.