Hot Pursuit     24-Nov-21
BLS Intl jumps after subsidiary appointed as corporate BC of 2 banks
BLS International Services rose 3.55% to Rs 218.90 after the company said its subsidiary Starfin India is empanelled as corporate business correspondent of Punjab National Bank and Central Bank of India.
Starfin India has been empanelled by Punjab National Bank and Central Bank of India to function as the official corporate business correspondent (BC) to deliver last mile banking services in rural/semi urban/urban/metro areas across India.

Initially, Starfin will roll out over 700 centres on behalf of Central Bank of India while the number of banking centres is awaited from Punjab National Bank.

Effective immediately, Starfin will initiate more than 30 banking services like enrollment of customers, debit cards, balance enquiry, statement of accounts, passbook printing, money deposit, and bills/utilities payment services to account holders of both banks across India. The company will also provide micro insurance/mutual fund products/pension products/other third-party products through these customer service points.

Shikhar Aggarwal, joint managing director, BLS International said: “This empanelment strengthens our banking correspondent portfolio delivering last mile banking services to the unserved and under-served population of India. We are delighted to initiate banking services for Punjab National Bank & Central Bank of India to support the ‘National Mission for Financial Inclusion' across India.”

Starfin is already empanelled as the corporate BC for Bank of Baroda; the national BC for State Bank of India; corporate BC for Uttarakhand Gramin Bank; and microfinance agency for Punjab National Bank.

On a consolidated basis, net profit of BLS International Services rose 101.10% to Rs 27.47 crore on 45.13% rise in net sales to Rs 190.46 crore in Q2 September 2021 over Q2 September 2020.

BLS International Services is a global tech-enabled services partner for governments and citizens, in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005.

Previous News
  BLS International wins prestigious order for processing Ayushman Cards
 ( Corporate News - 04-Dec-23   14:54 )
  BLS International Services update on proposed IPO of BLS E-Services
 ( Corporate News - 13-Dec-23   09:14 )
  BLS International Services fixes record date for bonus issue
 ( Market Beat - Reports 29-Nov-22   18:49 )
  Volumes jump at BLS International Services Ltd counter
 ( Hot Pursuit - 04-Dec-23   14:30 )
  BLS Intl jumps after subsidiary appointed as corporate BC of 2 banks
 ( Hot Pursuit - 24-Nov-21   12:49 )
  BLS International Services to hold board meeting
 ( Corporate News - 25-Jan-22   16:53 )
  BLS International spurts on setting record date for bonus issue
 ( Hot Pursuit - 30-Nov-22   10:19 )
  BLS International Services receives upgrade in credit ratings
 ( Corporate News - 25-Apr-23   18:15 )
  BLS International Services consolidated net profit rises 16.95% in the March 2018 quarter
 ( Results - Announcements 23-May-18   16:41 )
  BLS partners with UTI Infrastructure Technology and Services for PM-JAY Scheme
 ( Corporate News - 10-Aug-21   11:34 )
  BLS International Services to table results
 ( Corporate News - 19-Jul-21   16:27 )
Other Stories
  3M India spurts as PAT climbs 27% YoY to Rs 173 cr in Q4
  28-May-24   17:17
  Ingersoll-Rand slides after Q4 PAT drops 5% to Rs 64 cr
  28-May-24   16:35
  TTK Prestige Q4 PAT drops to Rs 57 cr; declares dividend of Rs 6/ share
  28-May-24   16:09
  Shalby Q4 PAT climbs 15% YoY to Rs 16 cr
  28-May-24   15:42
  Dreamfolks Services slips as PAT slides 29% YoY in Q4 FY24
  28-May-24   15:21
  TVS Supply Chain records turnaround Q4 numbers
  28-May-24   15:04
  Inox Wind Ltd leads losers in 'A' group
  28-May-24   15:00
  Sundaram Brake Linings Ltd leads losers in 'B' group
  28-May-24   14:45
  Volumes spurt at Concord Biotech Ltd counter
  28-May-24   14:30
  Real Estate stocks slide
  28-May-24   14:00
Back Top