Hyderabad, Friday, November 7: Bartronics India Limited, a leading provider of digital infrastructure and financial inclusion technology solutions, has been empanelled as a Corporate Business Correspondent (CBC) by the Bank of Maharashtra for a period of five years, marking a major milestone in their 15-year partnership.
The company’s CBC operations currently cover 1,800 villages, serving over 15 million people through secure, ISO-compliant processes. Under this new engagement, Bartronics plans to expand its presence to 3,000 banking touchpoints over the next 6–9 months, particularly focusing on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka.
This expansion includes 1,200 new Customer Service Points (CSPs) and is expected to generate around Rs 50 crore in additional revenue over the next five years. It will also create 1,200 new employment opportunities, promoting local entrepreneurship and rural banking penetration.
“Our empanelment by Bank of Maharashtra is a strong validation of Bartronics’ performance, credibility, and execution strength,” said N. Vidhya Sagar Reddy, Managing Director, Bartronics India Limited. “We aim to reach 3,000 locations while empowering communities through digital financial access.”
Through this partnership, Bartronics will continue supporting the bank’s financial inclusion and customer outreach programs, offering services such as account opening, deposits, withdrawals, fund transfers, remittances, microinsurance, and social security enrollments.
The company stated that its long-term goal is to play a transformative role in India’s digital banking landscape by leveraging its CBC network and expanding financial accessibility across underserved regions.
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