Small-cap stock under ₹50: Vakrangee share price inches closer to one-year high
Live MintVakrangee share price rallied over 4% on Tuesday after the company announced renewal of its agreement with Bank of Baroda for providing banking services on a pan India basis. Vakrangee has renewed its agreement with the Bank of Baroda to continue offering Business Correspondent banking and comprehensive Financial Inclusion services across Pan India through Vakrangee Kendra outlets. This tie-up enables Vakrangee Kendra outlets to offer a wide range of banking services, including account opening, cash deposits, withdrawals, balance inquiries, social security scheme viz PMSBY, PMJJBY & APY and other financial services, ensuring last-mile connectivity for customers across urban, semi-urban, and rural locations, it added. “With this collaboration, we aim to offer a comprehensive range of banking services, ranging from account opening and deposits to withdrawals and loan facilitation, thereby creating a significant impact in rural and semi-urban communities,” said Vedant Nandwana, Managing Director, Vakrangee Ltd. Vakrangee currently has 21,912 Vakrangee Kendra outlets spread across 31 States & UTs, 576 districts and 5,424 postal codes.