BLS E-Services Unit to Acquire SBI and HDFC Bank CSPs

27 Jun 2025 CW Team

BLS E-Services, a leading provider of e-governance services, business correspondence solutions and e-assisted services across India, through it’s subsidiary, Zero Mass (“ZERO Mass”), has entered into definitive agreement to acquire Customer Service Points (CSPs) of State Bank of India (SBI) and HDFC Bank under the Business Correspondence (BC) business of Sub-K Impact Solutions (“Sub-K”) on a slump sale basis for a total consideration of approx. Rs 60.5 million. The consummation of the transaction is subject to approvals from the respective Banks and other regulatory/ statutory authorities, as may be applicable, and completion of certain Condition Precedents of the definitive agreement.

This strategic acquisition marks a significant step in the Company’s commitment to expand financial inclusion and enhance last-mile banking service delivery across India, particularly in Andhra Pradesh, Telangana, and other key states.

Lokanath Panda, Chief Operating Officer, BLS E-Services said, “We are quite excited to consolidate Sub-K’s Customer Service Points (CSP) network into our platform. This strategic move significantly enhances our operational footprint across rural and semi-urban regions, reinforcing our commitment to bridging the financial services gap. It is a pivotal step aligned with our long-term vision of providing accessible, technology-driven solutions nationwide. Our ambition is to emerge as the leading enabler of the Government of India's financial inclusion agenda, empowering under served communities and driving inclusive economic growth."

With this acquisition, BLSe further consolidates its position as a trusted and scalable partner for banks and financial institutions aiming to deepen their outreach and enhance financial service delivery through a robust CSP ecosystem.

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