Karnataka Bank expands banking services with Vakrangee partnership

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Karnataka Bank has teamed up with Limited (VL) to provide Business Correspondent (BC) Banking services across India via Vakrangee Kendra outlets. Recognized for its contribution to financial inclusion, Vakrangee holds a significant footprint with over 14,000 Banking BC points. Additionally, it is ranked as the 4th largest ATM operator in rural India, boasting over 6,300 ATMs.

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Leadership Insights on the Collaboration

, MD & CEO of , expressed: “At Karnataka Bank, our commitment to inclusivity and render last-mile financial services to the under/un-banked is unwavering. This collaboration reflects our dedication to broad base our resources to foster financial inclusion, ensuring that banking services are accessible to individuals from all strata of life.”

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Echoing the sentiment, , Executive Director, commented: “This tie-up with Vakrangee Limited (VL) would ensure high scalability, faster on-boarding, and activation of Banking BC point services. It complements objectives of promoting Financial, Social, and Digital Inclusion. Furthermore, the partnership is set to offer bio-metric enabled digital AePS banking services through Vakrangee outlets, targeting a unique untapped customer base in the remotest parts of the country.”


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