Business Daily from THE HINDU group of publications
Wednesday, Jul 12, 2006

Cross Currency

Group Sites

Markets - Financial Services
Money & Banking - Public Sector Banks
BoI launches online trading in Chennai

Our Bureau

Chennai , July 11

Bank of India (BoI) has launched its online trading service, named Star Share Trade, for securities in Chennai on Monday. For this, the bank has joined hands with Asit C. Mehta Investment Intermediaries.

While inaugurating the live demonstration programme here, Mr Jayaraman, AGM, BoI, said the bank's customers could avail themselves of this service by opening an online trading account. Investors can trade both on the NSE and the BSE through or (trading Web site of Asit C. Mehta Investment Intermediaries, a Nucleus Group Company, which is promoted by Mr Asit C. Mehta jointly with Ms Deena A. Mehta, former BSE President), said Mr Yoganandan, Senior Manager, Chennai Depository Participant Office, Bank of India.

Mr Yoganandan said that a similar service launched in Mumbai four months back has about 700 accounts.

Initially the service would be available for only the cash market, but the bank plans to introduce it for derivatives soon.

More Stories on : Financial Services | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BoI launches online trading in Chennai

UTI Mutual Fund raises stake in IFGL
Thermax betting on order book
Auto stocks up on Q1 hopes
Bear domination
Markets may show resilience
Markets take a breather; Sensex ends on a weak note
Bombay Stock Exchange tightens norms for listing of shares
FIEM Industries files for IPO
Bullish outlook for cement firms on back of higher prices

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line