Radiant Cash Management Services receives LoI from IDBI Bank
The contract shall be for a period of three years commencing from April 1, 2026 to March 31, 2029
Radiant Cash Management Services has received the Letter of Intent (LoI) from IDBI Bank for dedicated secured cash van business, cash delivery & pick-up (CDP) Services in seven zones. The contract shall be for a period of three years commencing from April 1, 2026 to March 31, 2029. Broad consideration or size of order(s)/contract(s) is about Rs 35 crore (including renewal of existing business amounting about Rs 15 crore).
Radiant Cash Management Services is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of clients from the end user.
