Vakrangee’s stock jumped 7% after the company announced a strategic partnership with Canara Bank as a Corporate Business Correspondent (CBC). This collaboration will leverage Vakrangee’s vast Kendra network to provide essential banking services in underserved and unbanked areas, particularly in the East Zone of Canara Bank’s operations.
Vakrangee shares opened at ₹29.24 and reached a high of ₹31.40, with a low of ₹28.92 in today’s trading session. The stock has seen significant volatility, with its 52-week high at ₹37.69 and a 52-week low of ₹18.40.
Key offerings include the opening of savings, fixed, and recurring deposit accounts, fund transfers, loan repayments, and social security scheme enrollments. Vakrangee Kendras will also assist with RuPay cards, cheque book requests, Aadhaar seeding, pension payments, and more. The partnership strengthens rural banking infrastructure, driving financial inclusion in remote locations.
As of 10:05 am, Vakrangee shares were trading 6.58% higher at Rs 31.12 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
