Indbank to offer online trading and portfolio management

New Delhi, June 27 (UNI) Indbank Merchant Banking Services Ltd, a subsidiary of Indian Bank, today announced plans to increase its operations by entering online trading and portfolio management services.

The bank will establish new branch offices at Kolkata, Hyderabad, Baroda, Pondicherry, Madurai and Tirunelveli in the current fiscal year increasing its network of branches to 12 from the current level of six, an official statement said.

The firm also plans to expand further by establishing six more branches in 2007-08, taking the total number of branches to 18, to increase the level of operations.

UNI DKS CS RAI1943