Leading private sector lender Federal Bank has tied up with brokerage India Infoline (IIFL) to offer retail broking services to its customers.
The Kochi-based bank with over 1,200 branches already has tie-up with Geojit Securities and currently has over 20,000 demat account holders through this association.
Commenting on the tie-up, Federal Bank treasury president and head of Mumbai zone Ashutosh Khajuria said, "The bank is sure that its customers will benefit from the relationship with India Infoline. We aim to connect our customers here and abroad to one of the most trustworthy brands in broking."
IIFL Group Managing Director R Venkataraman said, "Federal Bank's reach across the country and overseas will benefit IIFL immensely.
