Bartronics India Ltd empanelled as Corporate Business Correspondent for Bank of Maharashtra

Bartronics India Limited, a leading provider of technology-enabled financial inclusion and digital infrastructure solutions, is pleased to announce its empanelment by Bank of Maharashtra as a Corporate Business Correspondent (CBC) Vendor for a period of five years.

This empanelment marks a significant milestone in the 15-year association between Bartronics India Limited and Bank of Maharashtra, reaffirming the Bank's trust in Bartronics' execution capability, operational excellence, and commitment to deepening financial inclusion across India. Over the years, Bartronics has consistently delivered the best performance in bank account openings and social security scheme sourcing. Currently, Bartronics' CBC operations under Bank of Maharastra span 1,800 villages, serving a population of over 15 million through secure, ISO-standard-compliant processes.

Under the new engagement, Bartronics plans to expand its nationwide presence from 1,800 to 3,000 banking touchpoints over the next 6-9 months, with a strategic focus on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka. The expansion will cover an additional 1,200 new Customer Service Points (CSPs) and is expected to generate an additional ₹50 crore in revenue over the next five years.

This initiative will also create employment opportunities for 1,200 local CSP agents, further strengthening rural entrepreneurship and on-ground banking support.

Through this engagement, Bartronics will continue to support the Bank of Maharashtra's Financial Inclusion and Customer Outreach programs by facilitating a wide range of essential banking and financial services, including account opening, deposits, withdrawals, fund transfers, remittances, microinsurance, social security enrollments, and financial literacy initiatives.

Speaking on the occasion, Mr N. Vidhya Sagar Reddy, Managing Director, Bartronics India Limited, said: "Our empanelment by Bank of Maharashtra is a strong validation of Bartronics' performance, credibility, and field execution strength. With this new engagement, we aim to expand our footprint to reach 3000 locations under Bank of Maharastra while empowering communities through digital financial access. As we continue to collaborate closely with the Bank, our goal remains to strengthen India's financial inclusion ecosystem through efficient delivery, trained manpower, and measurable social impact."

Bartronics' long-term vision is to play a transformative role in India's digital banking landscape by leveraging its extensive CBC network through its ongoing partnerships with seven banks, and empowering underserved regions with accessible and secure financial services.

Source : Equity Bulls

Keywords

BartronicsIndia Empanelment BankofMaharashtrs CBC