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Our Bureau

Mangalore , Dec. 1

Corporation Bank has joined Bombay Stock Exchange Ltd (BSE) as a clearing bank.

A bank release said here on Friday that an agreement between BSE and Corporation Bank was signed on Thursday at Mumbai.

Speaking on the occasion, Mr K. L. Gopalakrishna, Executive Director, Corporation Bank, said it was a privilege to be associated with a prestigious institution such as the BSE in the capacity of a clearing member. The bank had made a good beginning with SHCIL Services as a member, and hoped to grow to be a very valuable clearing-house member of BSE.

Welcoming Corporation Bank as a clearing bank to the BSE fold, Mr Rajnikant Patel, Managing Director and CEO of BSE, said it was a part of the BSE's new initiatives to provide the best of facilities, efficient and professional services to its members and expand reach through the branch network of Corporation Bank. BSE would also leverage Corporation Bank's expertise in the financial market to provide innovative products and services for the benefit of brokers, market intermediaries, corporates and others, he said.

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