Indbank Launches Online Stock Trading Point

by CXOtoday Staff    Jan 29, 2009

Indbank Merchant Banking Services Limited (Indbank) has launched Indbankonline Stock Trading Point, and opened a new branch office at Pune.


The online stock trading point, a cyber based stock trading facility was inaugurated by A Subramanian, chairman, Indbank Merchant Banking Services Ltd. and P.N. Patel, executive director, Indian Bank last week.


Subramanian said that the bank would establish stock broking terminals at select centers for increasing its reach and operations further. In this endeavour, we have established 15 exclusive CTCL stock trading terminals at Parrys, Anna Nagar, CMDA,’ Madipakkam, West Mambalam in Chennai, Vile Parle, CBD Belapur, Ulhas Nagar in Mumbai, SG Road in Ahmedabad, Poliachi, Ram Nagar, Tirupur in Coimbatore, Nagercoil in Tirunelveli, Karaikudi, Dindugal in Madurai. We have plans to establish around 200 CTCL terminals in select cities across India, in a phased manner.


He said that to avail the service, a customer need to just open an online trading account with Indbank, and the bank will provide computer and Internet facility at its office to trade online at no extra cost. This would benefit investors who want to trade in stock markets online but have constraints on computers and Internet facility at their home.