Bartronics India Secures SLA to Expand Maharashtra Gramin Bank Network
Filing Summary
Bartronics India Limited has entered into a long-term Service Level Agreement (SLA) with Maharashtra Gramin Bank to expand its banking correspondent network. The agreement aims to increase the number of touchpoints from 350 to 600, generating approximately ₹30 crore in revenue over five years. The expansion will focus on rural Maharashtra, enhancing financial inclusion and creating employment opportunities. Bartronics will support the bank’s initiatives by providing essential financial services. This agreement marks a continuation of their seven-year partnership, reflecting the bank’s confidence in Bartronics’ capabilities.
Bartronics India Limited has announced a long-term Service Level Agreement (SLA) with Maharashtra Gramin Bank to expand the bank’s rural banking network. The agreement involves increasing the number of banking touchpoints from approximately 350 to nearly 600. This expansion is part of a strategic effort to enhance the bank’s customer outreach and financial inclusion initiatives across rural Maharashtra.
The financial terms of the agreement indicate that the expansion is projected to generate cumulative revenues of approximately ₹30 crore over the next five years. This revenue generation is contingent upon transaction volumes and the adoption of services provided through the expanded network. The agreement underscores the bank’s confidence in Bartronics’ operational capabilities and its commitment to advancing financial inclusion.
The operational scope of the agreement includes the addition of around 250 new Customer Service Points (CSPs). Bartronics will manage these touchpoints through secure, technology-enabled service delivery frameworks. The company will facilitate a range of essential financial services, including account opening, cash deposits and withdrawals, fund transfers, remittances, and Aadhaar-enabled payment services (AePS). Additionally, Bartronics will support the enrollment of customers under government and social security schemes and promote financial literacy among grassroots communities.
Bartronics has been associated with Maharashtra Gramin Bank for seven years, supporting the bank in expanding access to formal banking services. The new SLA builds on this foundation, reflecting the bank’s continued trust in Bartronics’ execution capabilities. The expansion program is also expected to create employment opportunities by onboarding local CSP agents, supervisors, and field-level support staff.
The implementation of the expanded network will occur in a phased manner, with a strategic focus on deepening last-mile banking penetration across rural Maharashtra. Bartronics will continue to support the bank’s financial inclusion and customer outreach initiatives, ensuring the delivery of secure and scalable financial services.
Maharashtra Gramin Bank is a regional rural bank focused on providing banking services to rural and semi-urban communities. The bank aims to enhance financial inclusion by leveraging partnerships with service providers like Bartronics to expand its reach and improve service delivery.
Bartronics India Limited is a financial inclusion and rural fintech infrastructure company. The company focuses on strengthening access to digital and assisted banking across rural and semi-urban India. Through its Corporate Business Correspondent network and technology-enabled operating model, Bartronics supports public sector banks and Regional Rural Banks in delivering secure, scalable, and socially impactful financial services.