Vedavaag Systems Ltd allotted 984 CSP centres by SBI

Vedavaag Systems Ltd have been allotted additional 984 Customer Service Point (CSP) outlets by State Bank of India as their National Business Correspondent, which would be established and become functional in following two quarters of this financial year.

With the allotted additional 984 CSP codes to the existing 2338 CSP codes, our CSP network (Varishta Centres) exclusively for State Bank of India would reach to total of 3300+ CSP codes.

Vedavaag Systems Limited, Hyderabad is a National Business Correspondent for SBI with about 2338 CSP outlets across 18 states of India and facilitating kiosk banking services to over 3.2 million citizens. Vedavaag is also Business Correspondent for Baroda UP Bank (erstwhile Purvanchal Grameen Bank) with about 313 CSP outlets in Uttar Pradesh, and Business Correspondent for Bank of Baroda with 241 CSP outlets and for Punjab National Bank with 108 CSP outlets.

Vedavaag is envisaging to establish a CSP network of about 4500 outlets by March 2023.

Vedavaag CSPs delivered a service volume of over 2.5 Cr transactions per annum with a gross transaction value (GTV) of about Rs. 12,505 Cr for Fl 2021-22.

Vedavaag is also certified by IRDA to provide insurance products and is currently offering SBI Life and General insurance products.

Source : Equity Bulls

Keywords

VedavaagSystems CustomerServicePoints SBI NationalBusinessCorrespondent