BANKING
| BSE empanels Dhanlaxmi Bank Fri, 19 Feb 2010 |
| The Hindu BSE empanels Dhanlaxmi Bank The bank offers a number of innovative capital market products KOCHI: The Bombay Stock Exchange (BSE), Asia's oldest bourse, and Dhanlaxmi Bank, on Thursday entered into an agreement which empanels the bank as its clearing and settlement bank. The bank offers a number of innovative capital market products to its customers and has recently announced the launch of its e-broking services. Rajeev Deoras, head, wholesale banking, Dhanlaxmi Bank, said: “We are extremely pleased to announce our association with the BSE as the clearing and settlement bank. The bank will provide a seamless interface to all BSE customers to enable a safe and easy transaction on a day-to-day basis. The association will give us the desired visibility. The bank offers a number of innovative capital market products to its customers.'' The bank in the recent past had embarked on a high growth expansion strategy. It reoriented its team, expanded its presence pan India and had also introduced several new and innovative products for its customers. The bank today has a fully integrated technology platform to support all its financial service offerings and its backend processes. ‘‘We welcome Dhanlaxmi Bank in our clearing and settlement banks' fold. The bank has dedicated business verticals backed by high end technology platform. As a part of their initiative to become a full-fledged universal banking group, they have entered the growing business of clearing and settlement in the capital markets segment. With this alliance, we hope to leverage the bank's expertise and attract more customers of the bank to trade through BSE,'' Madhu Kannan, MD & CEO, BSE, said. |
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