BoB ties up with BSE to become clearing and settlement bank
Mumbai, Jun 19 (UNI) Bank of Baroda (BoB), today entered into an agreement with Bombay Stock Exchange (BSE), Asia's oldest bourse, to become a Clearing and Settlement Bank.
With the signing of this new agreement, BSE will now have a tripartite arrangement with BOI Shareholding Ltd (BOISL) and BoB for clearing and settlement.
M
D
Mallya,
Chairman
and
Managing
Director
of
Bank
of
Baroda
said,
''The
bank
looks
at
this
tie
up
as
a
customer-centric
strategy.
In
its
drive
towards
providing
greater
customer
convenience,
the
Bank
will
continue
to
enlarge
its
basket
of
products,
both
its
own
as
also
third
party,
leveraging
its
vast
branch
infrastructure.'' BSE
Managing
Director
and
CEO
Rajnikant
Patel
said,
''Bank
of
Baroda,
like
BSE
is
one
of
the
oldest
financial
institutions
of
the
country.
Bank
of
Baroda
enjoys
a
wide
network
of
2,800
branches
and
a
vast
database
of
33
millions
customers.
With
this
new
arrangement,
we
hope
to
attract
more
and
more
customers
of
the
Bank
to
trade
through
BSE.''
UNI
AR
SR
SKB1852