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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 www.bankofindia.com or www.investmentz.com (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.

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