BLS International’s Starfin empanelled by Punjab National Bank & Central Bank of India for Corporate Business Correspondent
Strengthens financial inclusion and last mile banking services across India
New Delhi – The subsidiary of BLS International, Starfin India Pvt. Ltd. has been empanelled by two banks i.e. Punjab National Bank & Central Bank of India to support the financial inclusion mission of Govt of India. The company has become the official Corporate Business Correspondent (BC) to deliver last mile banking services in rural/ semi urban/ urban/ metro areas across India. Initially, the company will roll out over 700 centres on behalf of Central Bank of India while the number of banking centres is awaited from Punjab National Bank.
Effective immediately, Starfin will initiate more than 30 banking services like enrolment of customers, debit cards, balance enquiry, statement of accounts, passbook printing, money deposit, and bills/utilities payment services to account holders of both banks across India. The company will also provide micro insurance/ mutual fund products/ pension products/other third-party products through these customer service points.
Commenting on this, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International said, “This empanelment strengthens our banking correspondent portfolio delivering last mile banking services to the unserved and under-served population of India. We are delighted to initiate banking services for Punjab National Bank & Central Bank of India to support the ‘National Mission for Financial Inclusion’ across India.”
BLS International’s subsidiary, Starfin is already empanelled as the Corporate BC for Bank of Baroda; the National BC for State Bank of India; Corporate BC for Uttarakhand Gramin Bank; and Microfinance Agency for Punjab National Bank.