Reported by: banking|Updated: July 20, 2021
Dhanlaxmi Bank has forged a strategic alliance with SMC Global for offering online trading services to the bank’s customers. This tie-up will offer an integrated 3-in-1 account comprising a Savings, Demat and Trading account providing a hassle free and convenient trading experience to the bank’s customers through SMC’s web trading platform, mobile trading app as well as a desktop-based software. The tie- up is expected to help SMC Global to increase its client base by leveraging upon the bank’s deep presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and other parts of the country. SMC Global will open the trading account and the bank will maintain the bank account as well as the Demat account of the customer.