IndBank Merchant Banking Services Ltd, the subsidiary of Indian Bank, has announced the launch of 'IndBankOnline', an online trading facility. | |
| The trading portal, which would enable the customers to execute trade and stock dealings online, was inaugurated by K C Chakrabarty, chairman and managing director, Indian Bank, in Chennai. |
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| IndBank has entered into an agreement with Indian Bank for providing online trading facilities to Indian Bank customers. Under this facility, customers are required to open a demat account and a net banking account with the Indian Bank and also, an online trading account with IndBank. |
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| The online portal would be beneficial to the customers having accounts with the core banking solutions' (CBS) branches of Indian Bank for stock market dealings. |
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| IndBank is planning to increase its fee-based business operations by including futures and options and portfolio management services. |
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| The Chennai-based bank has announced plans to set up six more branches in Kolkata, Hyderabad, Baroda, Puduchery, Madurai and Tirunelvelli in 2006-07 and an additional six branches in 2007-08. |
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