Archive · 7 Nov 2025
Bank of Maharashtra Empanels Bartronics as Corporate Business Correspondent
Imagine a big bank, the Bank of Maharashtra, wants to help people in villages get banking services.
They have chosen a company called Bartronics to help them.
Bartronics will set up special little shops, like mini-banks, in villages.
Right now, they help in 1,800 villages.
Soon, they plan to open even more, reaching 3,000 villages.
This will make it easier for over 15 million people to do their banking.
It's like bringing the bank closer to people's homes!
This also means new jobs for people in these villages and will help the company make more money.
Bartronics India has been appointed as a Corporate Business Correspondent (CBC) Vendor by Bank of Maharashtra for five years.
This partnership currently serves 1,800 villages and over 15 million people.
Bartronics plans to expand to 3,000 banking touchpoints nationwide within 6-9 months.
The expansion will focus on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka, creating 1,200 new jobs for local agents.
This initiative is expected to generate an additional ₹50 crore in revenue for Bartronics over the next five years.
- Who
- Bartronics India and Bank of Maharashtra
- What
- Bartronics India has been empanelled by Bank of Maharashtra as a Corporate Business Correspondent (CBC) Vendor.
- When
- The new engagement plans to expand over the next 6-9 months, with the contract valid for five years.
- Where
- The expansion will focus on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka, expanding from 1,800 to 3,000 banking touchpoints nationwide.
- Why
- To expand banking services in rural areas, increase customer service points, generate revenue, and create local employment.
- Empaneling Bank
- Bank of Maharashtra
- Empaneled Vendor
- Bartronics India
- Role
- Corporate Business Correspondent (CBC) Vendor
- Initial Contract Duration
- 5 years
- Current Reach
- 1,800 villages, serving over 15 million people
- Expansion Plan
- Increase to 3,000 banking touchpoints (CSPs) in 6-9 months
- Targeted States for Expansion
- Maharashtra, Madhya Pradesh, Chhattisgarh, Karnataka
- Projected Revenue Increase
- ₹50 crore over next 5 years
- Employment Opportunities Created
- 1,200 local CSP agents