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IDBI Capital ties up with Punjab National Bank
2006-12-29
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IDBI Capital Market Services Ltd., a leading provider of financial services in India today signed an MoU with Punjab National Bank, to offer advanced e-trading services through www.idbipaisabuilder.in to the customers of the bank. This was announced by Mr. S Muhnot, MD & CEO, IDBI Capital and Mr. K Raghuraman, Executive Director, Punjab National Bank at a press conference in Delhi today.
Addressing the press here on Wednesday, Mr. S Muhnot, MD & CEO, IDBI Capital said “An advanced online trading portal, IDBIpaisabuilder.in is built with a core objective to provide easy and informed investing experience to investors. 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 Punjab National Bank in this venture.”
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IIDBIpaisabuilder.in is targeted mainly at the retail investors, many of whom have unfortunately missed out on the recent boom in Indian stock markets. The site will enable the investors take right decision making by minimising risk involved in equity investment and hand hold the investors throughout the entire investment process and also provide for faster trade executions. We are presently rolling out this initiative in 2 metros to start with and hope to make it available nationally at the earliest," said Mr. K Raghuraman, Executive Director, Punjab National Bank.
With this tie-up, Punjab National Bank will be able to provide comprehensive investment solutions to all their customers. It will also help them to push their DP services.
IDBI Capital in turn would benefit from the wide reach and nationwide presence of Punjab National Bank.
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