Brokerage firm Religare Securities and South Indian Bank have entered into a strategic tie-up to offer online trading platform to the bank's customers.
This will form part of a convenient 3 in 1 account for the bank's customers (savings account, demat account & trading account), a joint statement said.
The partnership is a step forward to further strengthen the 'Bancinvest' channel created by Religare, which already includes tie-ups with UCO Bank, IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank, Karur Vysya Bank, Bank of Maharashtra, Union Bank and Andhra Bank, it said.
The online trading facility will be part of the value-added offer for the bank's savings account customers, it said, adding, the bank's customers will get savings and depository accounts along with Religare's online trading account.
This will be followed by a roll-out of the entire spectrum of Religare's portfolio of products for the customers of South Indian Bank.
With customer centricity at the core of this alliance, Religare and South Indian Bank will look to create new business opportunities by leveraging core competencies of both the organizations.
