Bartronics India Ltd has been appointed as a Corporate Business Correspondent (CBC) for Maharashtra Gramin Bank under a five-year Service Level Agreement (SLA). The appointment includes a ₹2.5 million bank guarantee and aims to expand financial inclusion across rural and semi-urban regions through tech-enabled customer service points and infrastructure.
Bartronics India Ltd, a leading provider of digital infrastructure and financial inclusion solutions, has signed a five-year Service Level Agreement (SLA) with Maharashtra Gramin Bank, marking a strategic milestone in its rural banking outreach. The appointment as Corporate Business Correspondent (CBC) is subject to a ₹2.5 million bank guarantee, ensuring compliance and service reliability.
Key Highlights:
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CBC Appointment: Bartronics will act as a Corporate Business Correspondent for Maharashtra Gramin Bank, delivering banking services in underserved regions.
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SLA Execution: The agreement was signed on November 4, 2025, formalizing a five-year partnership under the bank’s Financial Inclusion Programme.
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Bank Guarantee Clause: A ₹2.5 million bank guarantee has been submitted to secure performance and service obligations.
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Operational Scope: Bartronics will deploy customer service points, biometric kiosks, and non-kiosk outlets across rural, semi-urban, and urban areas.
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Geographic Focus: Initial rollout targets Maharashtra, with strategic expansion planned in Madhya Pradesh, Chhattisgarh, and Karnataka.
This partnership strengthens Bartronics’ footprint in inclusive banking and aligns with national goals for digital financial access.
Sources: Bartronics Official Disclosure, Goodreturns, ScanX