BLS International's Starfin wins contract with Bank of Baroda for National Business Correspondent

The subsidiary of BLS International, Starfin India Pvt. Ltd. wins contract with Bank of Baroda to support the financial inclusion mission of Govt of India. Under the contract, the company is the official National Business Correspondent (BC) to deliver last mile banking services in rural and urban areas across India.

Effective immediately, Starfin will start basic banking services like, enrolment of customers, debit cards, balance enquiry, statement of accounts, pass book printing, money deposit, and bills/utilities payment services to account holders across India.

Commenting on this, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said, "We are honoured and excited to win this contract with Bank of Baroda to support the 'National Mission for Financial Inclusion' across India. We are confident that our tech-enabled expertise will help to provide end-to-end banking services to the unserved population of India across various parts of the country."

BLS International's subsidiary, Starfin is already empanelled as the National Business Correspondent for State Bank of India; Corporate Business Correspondent for Uttarakhand Gramin Bank; and Microfinance Agency for Punjab National Bank.

Shares of BLS International Services Ltd was last trading in BSE at Rs. 150.05 as compared to the previous close of Rs. 153.7. The total number of shares traded during the day was 77768 in over 1457 trades.

The stock hit an intraday high of Rs. 156.1 and intraday low of 142. The net turnover during the day was Rs. 11786151.

Source : Equity Bulls

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