Paisalo Digital gains 5%, hits record high on signing pact with SBI

The company on September 27 signed a Service Level Agreement with SBI as National Corporate Business Correspondent for promoting financial inclusion by providing banking services through kiosks

Shares of Paisalo Digital hit a record high at Rs 930.50, up 5 per cent on the BSE in Tuesday’s intra-day trade after the company said it entered into a business correspondent agreement with state-owned banking giant State Bank of India (SBI) to provide services of business correspondent. The stock of the non-banking finance company surpassed its previous high of Rs 877 touched on March 1, 2021.

At 09:45 am; the stock was up 2.6 per cent at Rs 907.60 on the BSE, as compared to 0.1 per cent decline on the S&P BSE Sensex. In the past one