Public sector lender Punjab National Bank today said it has entered into an alliance with four brokerage firms, including Networth Stock Broking and SMC Global Securities, to boost its online securities trading.
"The Bank has entered into an alliance with NSBL, SMC Global Securities, SAM Global Securities and SMC Comtrade to boost online trading services," PNB said in a statement.
"The three in one account offering comprising savings, de-mat and trading account is available at competitive rate," PNB Chairman and Managing Director K C Chakrabarty said.
The country's second largest public sector lender, PNB, in association with IDBI Capital Market Services, at present offers online securities trading services to its customers through 139 branches spread across 60 centres all over the country.
Under the online trading facility, a customer can trade in securities online anytime, anywhere without intervention of a bank or a broker.
Shares of PNB were trading at Rs 454.95, up 0.15 per cent in the afternoon trade on the Bombay Stock Exchange.