Page 2 - Cash Management
CMS Info Systems IPO subscribed 1.95 times on last day of offer
The price range of the IPO was at Rs 205-216 per share
 "CMS Info Systems IPO subscribed 1.95 times on last day of offer")
Cash management firm CMS Info Systems IPO subscribed 40% on Day 1 of offer
CMS provides cash management services, which include ATM services, and cash delivery and pick-up
Lesson from note ban and pandemic: Keep a month's expense in cash at home
In addition, have an emergency fund equal to three-six months' expense parked in liquid fund, savings account and sweep-in fixed deposits
 "Lesson from note ban and pandemic: Keep a month's expense in cash at home")
CMS planning to hire 1,000 employees in next two months as it expands
Leading cash management services provider CMS is planning to hire 1,000 employees in the next two months with salaries upward of Rs 30,000 per month as it expands into service vertical of cash collections for its partner banks, NBFCs and microfinance firms, a company official said. CMS Info Systems (CMS) has signed up for cash and cheque collections with several companies, including, Mahindra Finance, L&T Finance and Hero FinCorp. Anush Raghavan, Senior Vice-President and Head Cash Business Unit of the CMS said that with a network spanning over 115,000 ATMs and retail outlets that spread across 98.3 per cent of districts in India, the company is uniquely positioned as the "backbone of the circulation cycle" of the economy. "While CMS has built out the offering for NBFCs, we are also looking at the cash pickups from the other industries such as travel, education; cheque collections for the insurance industry, apart from doorstep banking service for senior citizens. "CMS is looking
RBI issues cash management bills worth Rs 80,000 cr after good response
The RBI received bids of Rs 3.45 trillion, or more than four times the amount on offer.
 "RBI issues cash management bills worth Rs 80,000 cr after good response")
Cash usage now at pre-demonetisation levels: CMS Info Systems report
The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years
 "Cash usage now at pre-demonetisation levels: CMS Info Systems report")
Private security firms against RBI allowing foreign cash management firms
Private security industry says thousands of ex-servicemen have lost their means of livelihood and are facing an acute financial crisis
 "Private security firms against RBI allowing foreign cash management firms")
