Bartronics India Secures Five-Year CBC Role with Bank of Maharashtra
Filing Summary
Bartronics India Limited has been empanelled as a Corporate Business Correspondent (CBC) for Bank of Maharashtra for five years. This engagement involves expanding Bartronics’ operations from 1,800 to 3,000 banking touchpoints, focusing on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka. The expansion is projected to add 1,200 Customer Service Points (CSPs) and generate ₹50 crore in revenue over five years. Bartronics will support various banking services, including account opening and fund transfers, while creating 1,200 local CSP agent jobs.
Bartronics India Limited has been empanelled by the Bank of Maharashtra as a Corporate Business Correspondent (CBC) for a period of five years. This development was announced on November 7, 2025. The engagement builds on a 15-year relationship between Bartronics and the bank.
Under this new agreement, Bartronics will expand its operations from 1,800 to 3,000 banking touchpoints. The expansion will focus on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka. This initiative includes the addition of 1,200 new Customer Service Points (CSPs) and is projected to generate an additional ₹50 crore in revenue over the next five years.
Bartronics’ CBC operations currently serve a population of over 15 million across 1,800 villages. The company will continue to support the Bank of Maharashtra’s Financial Inclusion and Customer Outreach programs. Services provided will include account opening, deposits, withdrawals, fund transfers, remittances, microinsurance, social security enrollments, and financial literacy initiatives.
The expansion will also create employment opportunities for 1,200 local CSP agents, enhancing rural entrepreneurship and on-ground banking support. Bartronics operates under stringent ISO standards, ensuring secure and reliable financial services.
Bank of Maharashtra is a public sector bank in India, focusing on providing a range of banking services to its customers. The bank emphasizes financial inclusion and customer outreach, leveraging partnerships to extend its service reach.
Bartronics India Limited is a technology-driven enterprise focused on enabling financial inclusion through digital platforms and correspondent banking networks. With over 15 years of experience, Bartronics empowers banks to deliver secure and efficient financial services across rural and semi-urban geographies in India.