State Bank of India is appointing and using the services of business correspondents and business facilitators to increase the coverage of the Bank in rural areas as well as in urban areas. Other banks are also using the services of similar channel. This provides a startup opportunity to persons interested in proving financial services to people.
SBI has 66,000 customer services providers. It is in the process of revamping this channel by studying and improving the performance of these outlets. SBI also has corporate banking correspondents.
Pay Point India is one such corporate service provider and it is planning appoint 3000 to 3500 CSPs.
Know more SBI Banking correspondents
BC arrangement - SBI Brief
Oxigen Financial Services - Advertisement for SBI CSPs
Report on Study of business correspondents and business facilitators - 2011 Report