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IDBI Capital ties up with Union Bank of India
2008-14-03
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Through this strategic alliance, customers of Union Bank will have the opportunity to invest in equities, mutual funds and initial public offers using the online trading platform of IDBI Capital.
Union Bank of India, with its network, ethos and customer-centric approach plan, is attempting to address the fast-growing phenomenon of internet trading and seamlessly cater to the convenience and value-seeking, cash-rich and time-poor new-age consumers. The integrated portal IDBIpaisabuilder.in will allow customers of the bank to seamlessly execute their transactions as per their needs and demands.
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This new alliance is in line with IDBI Capital’s strategy of increasing its reach and penetration across the country.
This also facilitates the creation of new business opportunities and seamless customer centricity by leveraging the core competencies of both the organisations. Both organisations will work closely and leverage each other’s strengths to eventually ensure “customer delight”. IDBI Capital already has similar tie ups with Punjab National Bank, IDBI, Oriental Bank of Commerce, Bank of Rajasthan and Karur Vysya Bank.
Commenting on the strategic alliance, Mr. Sushil Muhnot, MD & CEO, IDBI Capital Market Services Ltd., said “This association will provide customers of the bank with a world class online investing platform with the backing of two very reputed and established financial institutions of the country. We are extremely glad to be associated with Union Bank of India in this venture.”
Commenting on the tie-up Shri M. V. Nair, Chairman & Managing Director, Union Bank of India, said “ This tie up takes Union Bank one step closer towards its vision of becoming a one stop shop for financial services offering technology based products to its customers.” |
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