Cash Management

The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.

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Stakeholders discuss how to break the logjam at ATMs

Rising wage and logistics costs are exposing long-standing stress points in India's ATM ecosystem, prompting calls for a rethink of interchange fees

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

Equity cash volumes rose 9% month-on-month to ₹1.16 trillion in May, lifted by a rally in mid and small-cap stocks; F&O volumes declined due to tighter norms

CAGR of notes in circulation in value terms higher than volume terms last year

As branches shut in the wake of shelling and security concerns post Operation Sindoor, banks are focusing on refilling ATMs to meet the surging demand for cash

However, one should avoid keeping excessive funds in savings accounts

Efficient cash management can improve outcomes

Nithin Kamath: Ahmedabad and Mumbai account for 80 per cent of equity delivery trades, Nithin Kamath said on X

S&P warned of a ratings downgrade if Boeing's cash balance fell below a $10 billion target or if the company had to increase leverage to meet debt maturities

The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of the growing economy. The creation of greenfield currency management centres, the introduction of warehouse automation, the installation of security and surveillance systems, an inventory management system, and a centralised command centre are being mooted to modernise the existing infrastructure, according to an RBI document. The expected timeline for the whole project is 4-5 years, according to the expression of interest (EoI) issued by the Reserve Bank of India (RBI) for procurement of consultancy and project management services for the modernisation of currency management infrastructure. "Despite moderation in the growth rate of NIC (Notes In Circulation) in the last three years, analysis indicates that the growth will continue to be positive over the foreseeable future though

Salesforce said it expects to achieve accretion on a free cash flow basis starting in the second year following the closing of the deal, which it anticipates to be in the fourth quarter of fiscal 2025

According to the CMO, the State Government will submit a comprehensive report on flood damages to the Centre

Industry sources say that only around 40% of ATMs and 20% of bank branches are enabled with AI-led e-surveillance

The country's largest WLAO, India1, with a tad over 13,000 units, feels it can double deployments by FY28

Demand for cash has increased as e-commerce, retail firms expand. Cash-on-delivery accounts for more than 60% of e-commerce payments

Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month. The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insuran

Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public offering. The initial share-sale will open for public subscription during December 23-27, the company said in a statement. The IPO comprises fresh issue of shares worth up to Rs 60 crore and an offer for sale (OFS) of 33,125,000 shares by promoter David Devasahayam and private equity firm Ascent Capital Advisors India. In 2015, Ascent Capital had acquired 37.2 per cent stake in the company. Based on the upper band of the share price, the IPO is expected to fetch Rs 388 crore. Proceeds from the fresh issue component will be used for funding working capital requirements as well as capital expenditure requirements for purchase of specially fabricated armoured vans, the Chennai-based company said. Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter. IIFL Securities Limited, Motilal Oswal Investment