Central Bank of India, one of the leading public sector banks in India and Angel Broking, India’s premium broking house today launched an Exclusive Three in-One Online Share Trading Facility for the bank's customers. Customers will be given a 3 in One Account which will include a Savings Bank Account, a Demat Account and a Trading Account. The central theme of the solution is to make it easy for Central Bank of India customers to trade online, and manage all the three accounts i.e. Deposit, Demat and Trading with a single online interface on a real time basis.
The solution has been customized to meet the needs of customers across all segments providing a robust online trading platform offering the best of the features. The customer can opt for one or more of the following segments: Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities, on the single platform. The platform also allows access to multiple exchanges, namely BSE, NSE, NCDEX, MCX, and MCX-SX.
Announcing the Launch, Shri M. V. Tanksale Chairman & Managing Director – Central Bank of India said, “Bank has a formidable presence in length and breadth of the Country; service a large customer base of over 35 million. This is another tech savvy product from the bank for retail customers, particularly younger generation. Angel Broking is also quite popular brand as a retail broking entity. The Three-in-One Online Trading facility being offered to the Bank customers in association with Angel Broking, now opens opportunity to buy/sell shares in hassle free manner. Indian Equity Market may be one of the best performers in terms of returns. However, the so called Equity cult is yet to penetrate in the country as number of equity investors is just 2% of total population. Maharashtra & Gujarat accounting more than 60% of Investors. Total number of DP Account holder (NSDL+CDSL) is 1, 99, 36,775 which is 1.65%
of the population.
Incentive given for Equity Investment upto Rs.50, 000/- for Tax concession under Budget 2012-13 Proposal is also another buster for increasing potential investors. We are launching the On-line Trading Product “Cent-e-Trade” at most appropriate time when the Capital Market is looking up and fiscal incentive declared by GOI.
The Capital Market Services Branch, opened on 02.02.2012 is the Nodal/Controlling Branch for various Capital Market Products like Demat, ASBA, Clearing Bank to Stock Exchanges, Credit facilities to Brokers etc.
Mr. Dinesh Thakkar, Chairman & Managing Director- Angel Broking said “We are indeed proud to get associated with the Central Bank of India as their partners to offer seamless on-line trading platform to their customers. With our state of art Trading Platform, the bank’s customers will be able to trade across Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities with total transparency in their deals undertaken across Exchanges.
Vinay Agrawal (Executive Director – Equity Broking, Angel Broking) adds, “Our mission is to provide the best of products and services to help customers build wealth through investment in equity.
Shri R.K.DUBEY, ED- Central Bank Of India Introduced the product to the gathering present on the occasion.Further he informed that around 25% of total Trades being executed through On-Line Mode. This indicates, there ample opportunity/scope for increasing number of Equity Investors, Demat Account Holders and Trading through On-Line Mode
Mrs.V.R.IYER (ED-CENTRAL BANK) proposed vote of thanks and was sure that this association will be a win-win situation for all the three i.e.customers/angel broking and central bank.
+1.jpg)
0 comments
Post a Comment