Bank of Baroda announces the launch of ‘Online Trading services’ – ties up
with India Infoline.
For immediate release
January 25, 2007
Bank of Baroda, one of the premier public sectors banks in India, today announced the launch
of its ‘Online Trading services’ for its customers in Mumbai, as a step forward in its plan to
provide Comprehensive Suite of Products and Services under Wealth Management initiative.
The Bank has entered into an alliance with India Infoline Limited for providing Brokerage
Platform, besides research and analysis services to the customers.
Christened as ‘Baroda e-trading’, this offering will offer multiple options to the customers for
trading in equity shares, online or off-line, on NSE or BSE, in cash segment as well in
derivatives segments from the same screen. The customers shall also have the option of
depositing cheques and the system will automatically update the broker ledger of the client and
set limit for trading. The customers will also have the benefit of well-researched information
about various corporates and also have access to live movements of prices in the stock
Speaking at the launch function, Dr. Anil Khandelwal, Chairman & Managing Director, Bank
of Baroda, said “With the launch of this service, we have taken one more step towards fulfilling
our aspiration of being the Multi-specialist Bank - Indian bank of International standards. Our
customers will now be able to enjoy a superior trading experience with seamless integration of
state of the art technology, our banking expertise and trading platform of India Infoline. Our
unique offering will allow our customers to transfer funds online and receive immediate limits
against the same. Further they will have the advantage of trading over the best online trading
platform in the country powered by India Infoline.
We had evaluated a lot of options when choosing partner for this initiative and I am glad to say
that in India Infoline we have chosen the best and so will be