• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

COMPETITIVE CHARGES: (From left) Mr O.V. Bundellu, Deputy Managing Director, IDBI; Mr K.N. Prithviraj, CMD, Oriental Bank of Commerce; and Mr Allen C.A. Pereira, Executive Director, at a press conference in the Capital on Wednesday. - Kamal Narang

New Delhi March 20 IDBI Capital Market Services Ltd on Wednesday signed a memorandum of understanding (MoU) with Oriental Bank of Commerce (OBC) to offer e-trading services through www.IDBIpaisabuilder.in.

The portal allows online investment in equities, mutual funds and initial public offerings. Facilities of investing online in equity on the BSE and the NSE, F&O (NSE), mutual funds (including SIP facility), portfolio tracker, two equity trading platform to all customers and custom stock screener are among the features on offer.

Speaking at the signing ceremony, the Deputy Managing Director, IDBI Bank, Mr O.V. Bundellu, said the new platform would help an investor make informed choices about investing in the market.

The new platform offers a host of facilities including a corporate library that provides company information of more than 4,000 companies including balance sheet for five years, profit and loss statements among others.

Initially, the system will be introduced at OBCs' M-block branch in Connaught Place in the Capital and progressively be available at other branches also. The charges for the service would be competitive and likely to vary from 0.2 per cent for small investors to 0.5 for large customers. There is also to be a one-time charge of Rs 700.

The Chairman and Managing Director, OBC, Mr K.N. Prithviraj, said that the bank also had plans to provide service of trading through mobile phones to its customers.

More Stories on : Public Sector Banks | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee strengthens

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line