Financial services provider, Religare, and Karur Vysya Bank,announced their tie-up offering Religare's equity trading services to the bank's customers.The new alliance is in line with Religare's strategy of increasing its reach and penetration across the country.The arrangement with Religare will provide the three in one facility of demat account, bank account and trading account to Karur Vysya's customers.
The equity trading service would be part of value -added offering for the bank's savings account customers. Religare would map its own branch network with the network of the bank to service the bank's clients.Pre-trading account opening activity would be done at the bank branch and post-trading account opening of the clients would be served by Religare-designated branches.The partnership is a step forward to further strengthen the bancinvest channel created by Religare, which already includes tie-ups with IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank and Bank of Rajasthan, among others.
No comments:
Post a Comment