BLS International Services Ltd. has been selected as National Business Correspondent for India's largest bank, State Bank of India to deliver banking services in urban, semi-urban and rural areas across the country. BLS International shall deliver last mile banking services to support the financial inclusion mission of Government of India.
BLS will soon provide banking services on behalf of State Bank of India like savings bank deposits, fixed deposit, recurring deposit, remittances, micro pension, micro insurance, account open with e-KYC, AEPS mini statement, passbook printing for SBI account holders spread across India.
Commenting on this, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said, "This partnership with State Bank of India will support government's initiative to deliver last mile banking services to the tier2 & tier3 cities. It will strengthen our reach in the southern, eastern and western parts of India while we already have an extensive network in northern India. This is a testimony to our commitment to serve the unserved and underserved population of India."
It is noted that State Bank of India is one of the largest banking networks of India with extensive reach in urban & rural areas of the country.
Shares of BLS International Services Ltd was last trading in BSE at Rs. 273.9 as compared to the previous close of Rs. 304.3. The total number of shares traded during the day was 124283 in over 2887 trades.
The stock hit an intraday high of Rs. 291.1 and intraday low of 273.9. The net turnover during the day was Rs. 35059684.
Shares of State Bank Of India, was last trading in BSE at Rs. 437.3 as compared to the previous close of Rs. 454.05. The total number of shares traded during the day was 7500730 in over 14437 trades.
The stock hit an intraday high of Rs. 453.45 and intraday low of 435.5. The net turnover during the day was Rs. 3398637237.