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Mumbai, Nov. 12 Financial services firm Religare Enterprises, promoted by Mr Malvinder Singh of Ranbaxy, has announced a tie-up with Karur Vysya Bank, making available its equity trading services for the bank’s customers.

The equity trading service will be available to the bank’s savings account customers.

“This is an offline trading platform wherein Religare will map its own branch network with bank’s network to service its customers,” said Mr Shachindra Nath, Group Chief Operating Officer, Religare Enterprises.

The facility would give a bouquet of services to subscribers. “This arrangement with Religare will provide the three-in-one facility of demat account, bank account and trading account to our customers,” said Mr P.T. Kuppuswamy, Managing Director and Chief Executive Director, Karur Vysya Bank.

This partnership is a part of the Religare’s Bancinvest channel. Religare has already has such tie-ups with IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank and Bank of Rajasthan.

“In order to compete with their larger competitors, the smaller private and public sector banks can get the larger products offerings of Religare through the Bancinvest channel,” said Mr Nath.

More Stories on : Financial Services | Private Banks

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