Financial Daily from THE HINDU group of publications
Saturday, Jan 14, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 14, 2006 |
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Markets
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Financial Services SBICAP Securities on aggressive expansion Our Bureau
Coimbatore , Jan 13 SBICAP Securities Ltd, a wholly-owned subsidiary of SBI Capital Markets Ltd is aggressively trying to expand its branch network. This retail broking company has, within three-months of being hived-off as a separate business unit of SBI Capital Markets, managed to bring 22 branches within its fold. `Our network will expand to about 35 branches by March 2006,' Mr V. Gopinathan, Managing Director, SBICAP Securities, told Business Line. SBICAP Securities is hoping to have the online trading service in place within the next six months. "We will soon starting offering all the services that a retail broking firm would offer, including the DP (Depository Participant) service,' he said. The Coimbatore branch was kickstarted last week.
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