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Bartronics India Limited ( (IN:ASMS) ) just unveiled an update.
Bartronics India Limited has announced that it will enter into a long-term Service Level Agreement with Maharashtra Gramin Bank to strengthen and expand the bank’s rural banking correspondent and customer outreach network across its operational regions in Maharashtra. Building on a seven-year partnership in which Bartronics has managed about 350 banking touchpoints, the renewed engagement will see the network scaled to nearly 600 touchpoints through the phased addition of around 250 new Customer Service Points, with expected cumulative revenues of about ₹30 crore over the next five years, subject to transaction volumes and service uptake. The expansion is aimed at deepening last-mile banking penetration in rural Maharashtra and is expected to generate local employment through the onboarding of CSP agents, supervisors, and field staff, while continuing to support core financial inclusion services such as cash transactions, fund transfers, Aadhaar-enabled payments, government scheme enrollments, and financial literacy initiatives.
More about Bartronics India Limited
Bartronics India Limited is a financial inclusion and rural fintech infrastructure provider that works with banks to extend formal banking services into rural and semi-urban regions. The company operates technology-enabled, process-driven banking correspondent networks and customer service points that facilitate account opening, transactions, and enrollment in social security and government benefit schemes, with a focus on last-mile delivery of financial services.
Average Trading Volume: 31,361
Technical Sentiment Signal: Sell
Current Market Cap: 3.78B INR
See more data about ASMS stock on TipRanks’ Stock Analysis page.