BLS International subsidiary Starfin wins contract from Bank of Baroda
BLS International said that its subsidiary — Starfin India has bagged a contract from Bank of Baroda for supporting the financial inclusion mission of the Indian government.
As per the terms of the contract, Starfin India will be the official national business correspondent (BC) for providing last mile banking services in rural and urban regions in India.
With immediate effect, Starfin India will begin basic banking services such as customers enrolment, debit cards, statement of accounts, balance enquiry, passbook printing, deposit of money, and payment services for bills/utilities to account holders across India.
BLS International subsidiary Starfin India wins contract from Bank of Baroda. Photo courtesy of baljinder kang/Wikimedia.org.
Shikhar Aggarwal — Joint Managing Director of 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.”
Starfin India is already empanelled as the national business correspondent for State Bank of India, Microfinance Agency for Punjab National Bank, and Corporate Business Correspondent for Uttarakhand Gramin Bank.
BLS International is a New Delhi-based tech-enabled services partner for governments and citizens. Earlier this month, the company forged a partnership with UTI Infrastructure Technology and Services Limited (UTIITSL) for supporting e-card printing services under an Indian government scheme.