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IDBI Capital ties up with Oriental Bank of Commerce.
2007-03-29
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IDBI Capital Market Services Ltd., a leading provider of financial services in India today signed a MoU with Oriental Bank of Commerce, a leading Nationalized Bank, to offer advanced e-trading services through www.idbipaisabuilder.in to customers of the bank. This was announced by Mr. S Muhnot, MD & CEO, IDBI Capital and Mr. K.N. Prithviraj, Chairman & Managing Director, Oriental Bank of Commerce, at a press conference in Delhi today.
"IDBIPaisaBuilder.in is targeted mainly at the retail investors. The site will enable the investors to take the investment decisions minimizing the risk involved in equity investment and will hand hold the investors throughout the entire investment process and also provide for faster trade execution," said Mr.Allen.C.A.Periera, Executive Director, Oriental Bank of Commerce.
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With this tie-up, Oriental Bank of Commerce will be able to provide comprehensive investment solutions to all their customers having the Demat and saving account with the bank. IDBI Capital in turn would benefit from the wide reach and nationwide presence of Oriental Bank of Commerce having more than 1 lac Demat account. Initially the system will be introduced at M Block, Connaught Place, New Delhi Branch of OBC and later on other branches would also be added to the list.
The portal allows investing online in Equities, Mutual Funds & IPOs. IDBIpaisabuilder.in helps investors make the right decisions on their transactions by imparting them with pertinent news, information and analysis along with company specific Fundamental Analysis through comprehensive corporate data. Facilities of investing online in Equity (NSE & BSE), F&O (NSE), Mutual Funds (including SIP facility) and IPOs, portfolio tracker, two equity trading platforms to all customers and custom stock screener are some of the other unique features, apart from the comprehensive information and analytical tools are available on IDBIpaisabuilder.in. The portal has been designed keeping a retail investor in mind for easier comprehension and provides very easy navigation.
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