Axis Bank, India’s third-largest private sector bank, today entered into a strategic alliance with Motilal Oswal Securities (MOSL), one of India’s largest financial services intermediaries, to facilitate online trading for the bank’s 10 million customers.
A Memorandum of Understanding (MoU) to this effect was signed by Sonu Bhasin, president of retail financial services, Axis Bank and Motilal Oswal, CMD, Motilal Oswal Financial Services.
Following this tie-up, Axis Bank customers now have the additional option of making investments in equities, derivatives and Initial Public Offerings (IPO), using the online trading platform of MOSL.
Axis Bank customers, who have a savings as well a demat account with the bank, can open a trading account with Motilal Oswal and enjoy the convenience of investing in financial products from the comfort of their home, office, while on the move or from any other location of their choice by just accessing the Axis Bank website and clicking on the link to MOSL provided on the homepage.
The bank’s account holders can benefit from MOSL’s single window interface to invest in equities, derivatives and IPOs, look up live streaming/ static quotes, create customised market watches of securities that interest them and view NSE & BSE rates on a single screen.
