Equitymaster Uti Bnak In Alliance

UTI Bank has signed an alliance with equitymaster.com to facilitate Internet trading for investors.

As per the memorandum of understanding, users of Equitymsater.com, rated among the best 150 websites in the world by Forbes, will be able to open a bank and demat account with UTI Bank and execute buy also sell orders for share transations.

Equitymaster.com, which is owned by Quantum Information Services, provides facilistes such as portfolio tracker, live quotes, resarch reports, company information and many other products without any subscription charges.

UTI Bank, on the other hand, has embarked on an expansion exercise recenlty especially in the depository and Internet banking front.

It has more than 60,000 depoising account holders to its credit and about 3,50,000 cash account holders.

The bank is currently centralising all its data, following which it would embark on a major foray into e-commerce related activity.