Vakrangee and Chhattisgarh Rajya Gramin Bank tie up for BC points

Vakrangee Limited announced that it has collaborated with government-owned, Chhattisgarh Rajya Gramin Bank (CRGB) for banking business correspondent (BC) point services for Nextgen Vakrangee Kendra in the state of Chhattisgarh.

Nextgen Vakrangee Kendra is a standardised outlet, offering a range of products and services across banking, insurance, ATM, e-commerce, e-governance and logistics. The company will make banking services available to its customers in tier five and tier six towns, which constitute 70 per cent of such outlets.

Commenting on this partnership, Dinesh Nandwana, Managing Director and Group CEO of Vakrangee stated that Nextgen Vakrangee Kendra acts as a one-stop-shop for the local customers in offering them a bouquet of services and aid them with financial, social and digital inclusion.

Vakrangee Limited is a technology-driven company, which has emerged as a leading player at the forefront by driving financial and social inclusion and building a large network of last-mile retail outlets to deliver real-time banking and financial services to the unserved rural, semi-urban and urban markets.

On Friday, the stock of the company closed at Rs 26.15, down by 0.57 per cent or Rs 0.15 per share. The 52-week high is recorded at Rs 55.50 and the 52-week low is Rs 17.10 on BSE.