Vedavaag Systems Limited allotted additional 2000 CSPs by SBI under Financial Inclusion

Vedavaag Systems Limited have been allotted additional 2000 Customer Service Points (CSPs) by State Bank of India. These Customer Service points will be rolled out during the financial year 2023-24.

Vedavaag Systems Limited has been continuously ranking as one of top three best performers of SBI banking correspondents for the last four years. With the allotted additional 2000 Customer Service Points, our CSP network exclusively for SBI would reach from 3281 to 5281 Customer Service Points and our total CSP network for all banks would reach to 6269 CSPs.

Vedavaag Systems Limited, Hyderabad, is National Business Correspondent for SBI (3281 CSPs), Baroda UP Bank (325 CSPs), Bank of Baroda (285 CSPs) and Punjab National Bank (142 CSPs) with about a total of 4033 existing Customer Service Points. Recently, PNB allotted additional 236 CSPs to the company, with which total CSPs for PNB would reach to 378. And with additional 2000 CSPs of SBI, the total CSP network of the company for all banks would aggregate to 6269 CSPs.

Shares of VEDAVAAG SYSTEMS LTD. was last trading in BSE at Rs. 48.58 as compared to the previous close of Rs. 49.58. The total number of shares traded during the day was 43792 in over 225 trades.

The stock hit an intraday high of Rs. 49.95 and intraday low of 47.60. The net turnover during the day was Rs. 2130313.00.

Source : Equity Bulls

Keywords

VEDAVAAGSYSTEMS INE359B01010 CustomerServicePoints SBI FY2024