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Religare and Karur Vysya Bank announced their strategic tie-up offering Religare’s equity trading services to the Bank’s customers. This will eventually be followed by a roll-out of the entire spectrum of Religare’s services to the Bank’s customers. The partnership is a step forward to further strengthen the “Bancinvest” Channel created by Religare, which already includes tie-ups with IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank, Bank of Rajasthan, etc.

The equity trading service will be part of value-added offering for the Bank’s savings account customers. Religare will map its own branch network with the net work of the Bank to service the clients of the Bank. Pre-trading account opening activity will be done at bank branch and post-trading account opening the clients will be served by Religare designated branches.

Mr. Sunil Godhwani, CEO & MD, Religare Enterprises Ltd., said, “Religare’s tie-up with Karur Vysya Bank is in line with our strategy of a pan-India penetration. This alliance with the bank will allow its customers to seamlessly execute their equity transactions effectively to best suit their needs and demands.”

Mr P.T. Kuppuswamy, MD & CEO Karur Vysya Bank said, “KVB is a one stop shop financial supermarket that offers the entire range of financial solutions to its customers. Under parabanking activities, our customers get the conveniences of Bancassurance, demat accounts and investing in mutual funds. This arrangement with Religare will provide the three in one facility of demat account, bank account and trading account to our customers.”

Source: IndiaPRwire 

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