Vakrangee partners with Chhattisgarh Rajya Gramin Bank; stock ends marginally down

Nextgen Vakrangee Kendra is a standardized format outlet exclusively offering a comprehensive range of products and services across banking, insurance, ATM, e-Commerce, e-Governance and logistics.

May 22, 2020 04:05 IST India Infoline News Service

Vakrangee
Vakrangee Limited (VL) has tied-up with Chhattisgarh Rajya Gramin Bank (CRGB) (A Government owned scheduled bank sponsored by State Bank of India) for Banking Business Correspondent (BC) point service for Nextgen Vakrangee Kendra for the state of Chhattisgarh.

Nextgen Vakrangee Kendra is a standardized format outlet exclusively offering a comprehensive range of products and services across banking, insurance, ATM, e-Commerce, e-Governance and logistics. With 70% of these Nextgen Vakrangee Kendra outlets in Tier-5 and 6 towns, Vakrangee will make available banking services to its customers in the most remote and hitherto unserved/underserved parts of the country.

The company intend to deliver Financial inclusion through providing Banking services at our NextGen outlets along with Chhattisgarh Rajya Gramin Bank to enable unmatched reach in remotest parts of the country as well as access to a unique untapped customer base and help them to access the Banking services along with other multiple services.

Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, “We are happy and honored to announce this partnership with Chhattisgarh Rajya Gramin Bank (CRGB) which enables us to having Banking BC point services across our NextGen vakrangee kendras in the state of Chhattisgarh. It gives me a sense of pride that during such a challenging environment of a Lockdown situation, our field team has put in their 100% efforts to make this possible and special thanks to the CRGB team who have fully supported us and both of us are working towards a common goal of achieving financial and social inclusion in the remotest parts of Chattisgarh. Our outlets will be able to offer a range of banking services. Our kendras are aligned with Government’s vision of Financial, Social and Digital Inclusion by reaching out to the remotest parts of the country where basic banking services are not available. Our Nextgen Vakrangee Kendra act as a one stop shop for the local customers offering them a bouquet of services and thus provide them the convenience, at the same time aiding them with Financial, Social and Digital inclusion."

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