Specialists in Acquisition of Financial Inclusion Companies

Rural Financial Companies

A robust financial network that reaches every nook and corner of India, is key to enabling financial inclusion.

Across India there is developing a healthy eco-system of companies building outreach to under served regions to efficiently deliver financial services.

As a part of financial inclusion drive, Indian government with the help of Reserve Bank of India (RBI), has come up with a new model in the realm of banking sector, called Business Correspondent (BC) model. This model primarily aims at providing affordable banking facility to the hitherto unbanked population

Large Banking institutions have active business correspondence programs. This allows corporates to setup a network on behalf of the Banks to service remote corners of the country. This initiative has resulted in growing a diverse network of micro-entrepreneurs providing financial services in rural areas.

Business CORRESPONDENCE COmpanies

The significant feature of business correspondence (BCs) companies, is they ensure doorstep delivery of financial products and services in rural areas where there are no banks.

BCs have the advantage over bank branches as they can deliver banking services doorstep across the geographical landscape. One of the significant advantages of this model is that it helps people to overcome regional barriers of language and culture, and inadequate infrastructure with the help of technology.

The BCs are permitted to carry out financial transactions on behalf of bank as agents, which is called "branchless banking”. This model is aided by technology oriented tools as point of service such as handheld devices, mobile phone and biometric scanners.

Our team has in-depth experience in managing the end-to-end acquisition of a business correspondence company.

Vrkan Ventures offers investors, the ability to shortlist, negotiate on behalf acquirers and hand-hold the entire acquisition process to ensure a successful transaction.