Financial Daily from THE HINDU group of publications
Friday, Mar 24, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 24, 2006 |
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Markets
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Financial Services Karvy upbeat on retail financial biz Our Bureau
Hyderabad , March 23 Karvy, a leading financial services company headquartered at Hyderabad, is bullish on growth in the retail segment of the financial services business. According to its Chairman, Mr C. Parthasarathy, the company proposes to expand its network to 750 branches across the country by the year-end. It currently has presence in 333 cities and towns in the country. Inaugurating the 500th branch of the company at Hissar in Haryana, he said, "While this is a very important landmark for Karvy, it also puts a lot of responsibility on us to live up to the expectations of our customers." Stating that research in stock broking and capital-market-related securities were important, he said there was a substantial amount of knowledge gap in other products in the personal finance area. "Our path for the future is to emerge as a leading and most respected personal finance advisor to the retail customer," Mr Parthasarathy said in a press release. The Karvy branches offer a wide range of financial services ranging from stock broking, commodities broking, demat services, investments in mutual funds, bonds and insurance, the release said.
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