Reported by: banking|Updated: March 15, 2021
Axis Securities, a fully-owned subsidiary of Axis Bank, has become the successful bidder to acquire the trading accounts of Karvy Stock Broking. Karvy customers can start trading with Axis Securities to make the best of available market opportunities. To facilitate a seamless transfer, Axis Securities has made the entire journey digital and paperless. Simply by clicking on a link, Karvy customers can activate their trading account with Axis Securities and have access to a robust technology platform with a wide range of product offerings. With the acquisition of these 1.5 million Karvy trading accounts, the customer base of Axis Securities has gone up from 2.5 million to 3.6 million, making it the third-largest player in the industry. B. Gopakumar, MD & CEO, Axis Securities, said the acquisition of trading accounts of Karvy is a perfect opportunity for the company to empower Karvy customers to tap the right market opportunities backed by the company’s research expertise and holistic range of offerings.