BLS International's subsidiary Starfin wins contract with Bank of Baroda for national business correspondent

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.

Aug 17, 2021 05:08 IST India Infoline News Service

BLS International-led subsidiary, Starfin India Pvt. Ltd. wins a 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.

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.”

As per the regulatory filing, effective immediately, Starfin will start basic banking services like enrolment of customers, debit cards, balance enquiry, statement of accounts, passbook printing, money deposit, and bills/utility payment services to account holders across India.

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.

On Sensex, BLS International closed at Rs150.05 per piece lower by 2.4%.

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