Syndicate Bank To Offer Online Trading

Manipal-based lender Syndicate Bank has teamed up with the brokerage firm Asit C Mehta Investment Intermediates to offer an online trading platform to its clients.

Manipal-based lender Syndicate Bank has teamed up with the brokerage firm Asit C Mehta Investment Intermediates to offer an online trading platform to its clients, Economic Times reports. The bank will not charge any fees for offering the trading services.

Through the alliance, the bank is seeking to add accounts to boost its share of the cheaper current and savings accounts deposits. Currently, the bank provides seven free services and the trading service will be the eighth. The bank is looking to add one million new savings accounts to the prevailing 10 million through the partnership.

Click here for the story from Economic Times.