What Is A Business Correspondents (bc)?

1.	What Is A Business Correspondents (bc)?
Answer» Business Correspondents are retail agents engaged by banks for providing banking services at LOCATIONS other than a bank branch/ATM. BASICALLY, BCs enable a bank to expand its outreach and offer limited range of banking services at low cost. BCs, are an INTEGRAL PART of a business strategy for achieving greater financial INCLUSION. Business Correspondents are retail agents engaged by banks for providing banking services at locations other than a bank branch/ATM. Basically, BCs enable a bank to expand its outreach and offer limited range of banking services at low cost. BCs, are an integral part of a business strategy for achieving greater financial inclusion.

Answer»

Business Correspondents are retail agents engaged by banks for providing banking services at LOCATIONS other than a bank branch/ATM. BASICALLY, BCs enable a bank to expand its outreach and offer limited range of banking services at low cost. BCs, are an INTEGRAL PART of a business strategy for achieving greater financial INCLUSION.

Business Correspondents are retail agents engaged by banks for providing banking services at locations other than a bank branch/ATM. Basically, BCs enable a bank to expand its outreach and offer limited range of banking services at low cost. BCs, are an integral part of a business strategy for achieving greater financial inclusion.

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