Vakrangee Softwares’ arm bags financial inclusion project from BOB
Date: 21-09-2012Vakrangee Finserve (VFL), a wholly owned subsidiary of Vakrangee Softwares has bagged financial inclusion project from the Bank of Baroda (BOB). The company, from the project, targets to achieve about Rs 1258 crore during the tenure of five years.
Vakrangee Finserve has been selected as the Common Banking Correspondent (CBC) for 30 banks operating in the States of Rajasthan and Delhi. Bank of Baroda as the ‘Leader Bank’, on behalf of all these banks has floated the tender. The company has been selected for a period of 5 years and can be extended by another 2 years with mutual consent.
The company is one of the few leading E-Governance service provider in India equipped with cutting edge infrastructure, highly experienced professionals, investment and technological breakthrough on a continual basis in order to maintain time bound completion of critical projects.