IIFL Securities to offer trading services to Karnataka Bank customers

MUMBAI: at present entered into an settlement with to offer its prospects demat and buying and selling account services with IIFL Securities. Clients of the lender will be capable of straight open an account with IIFL Securities beneath KBL Good Commerce association.

The KBL Good Commerce association will increase consumer additions at IIFL Securities, which stands so as to add 10 million of Karnataka Financial institution’s customers on its platform.

“The account holders can entry dwell costs and alerts, analysis and proposals of shares, buying and selling suggestions, customisable watch lists, and so on. It will create a brand new line of enterprise and income alternatives for the financial institution by leveraging the core competencies of each the organizations,” mentioned Mahabaleshwara M.S, managing director and chief govt officer at Karnataka Financial institution in a press assertion.

IIFL Securities has over 1,000,000 customers and has made a splash within the low cost broking area by its unit 5paisa.

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