Bartronics India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ASMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bartronics India Limited has been empanelled by Bank of Maharashtra as a Corporate Business Correspondent (CBC) to provide business correspondent services to the bank. The empanelment is for an initial period of 5 years, extendable at the bank's discretion on mutually agreed terms. The contract is domestic in nature and service-based, with no specific contract value disclosed — consideration will be determined by the volume of transactions handled, as per the Service Level Agreement (SLA). The company must submit a performance bank guarantee and meet service quality benchmarks set by the bank. There is no related party interest involved in this engagement.
Mildly positive — this adds a public sector bank as a new client and opens a multi-year recurring revenue stream in the banking correspondent space, though the financial size of the deal is not quantified and will depend on transaction volumes generated under the SLA.