Vedavaag Systems Ltd inks agreement with PNB

Vedavaag Systems Limited has signed and executed the Corporate Business Correspondent agreement with Punjab National Bank for implementation of Financial Inclusion for Punjab National Bank. Vedavaag is targeting to roll out about 400 to 500 CSPs for PNB in the next two quarters for implementing the Financial Inclusion.

Vedavaag is already associated as Business Correspondent with State Bank of India and Bank of Baroda and now with signing of BC agreement with PNB, Vedavaag is Business Correspondent for all the three top PSU banks viz., SBI, BOB and PNB in the country, which have vast banking network across the country.

Shares of VEDAVAAG SYSTEMS LTD. was last trading in BSE at Rs. 65.10 as compared to the previous close of Rs. 62.20. The total number of shares traded during the day was 158705 in over 687 trades.

The stock hit an intraday high of Rs. 65.95 and intraday low of 62.25. The net turnover during the day was Rs. 10234634.00.

Source : Equity Bulls

Keywords

VEDAVAAGSYSTEMS INE359B01010 Internet SoftwareandServices BusinessCorrespondentAgreement PNB