Bartronics India to Expand Maharashtra Gramin Bank Network, Eyeing ₹30 Crore Revenue
Bartronics India Limited has announced a long-term Service Level Agreement (SLA) with Maharashtra Gramin Bank to expand and strengthen the bank's rural banking network. This renewed agreement builds u...
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Why is Bartronics India Limited in the news today?
Bartronics India Limited (ASMS) is in the news due to the announcement details a significant expansion of services and a long-term agreement with a bank, which is expected to generate substantial revenue and create employment, indicating positive business development.
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Bartronics India to Expand Maharashtra Gramin Bank Network, Eyeing ₹30 Crore Revenue
December 30, 2025, 03:29 AM
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Bartronics India Limited has announced a long-term Service Level Agreement (SLA) with Maharashtra Gramin Bank to expand and strengthen the bank's rural banking network. This renewed agreement builds upon a seven-year association and aims to increase the number of Customer Service Points (CSPs) from approximately 350 to nearly 600 across rural Maharashtra.
The expansion is planned in a phased manner over the next five years and is expected to generate cumulative revenues of around ₹30 crore, subject to transaction volumes. This initiative will also focus on creating employment opportunities for local agents, supervisors, and support staff.
Bartronics will continue to facilitate essential financial services, including account opening, cash transactions, remittances, Aadhaar-enabled payment services (AePS), and enrollment in government schemes. Mr. N. Vidhya Sagar Reddy, Managing Director of Bartronics India Limited, stated that the company aims to deepen access to banking services and create sustainable livelihoods through this expanded engagement.
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