IDBI Capital and Bank of Rajasthan sign agreement on trading

Jaipur, Nov 23 (UNI) IDBI Capital Services Ltd and the Bank of Rajasthan today signed an agreement for on line trading of shares.

The agreement was signed by Sushil Muhnot the Managing Director (MD) and Chief Executive Officer (CEO) of IDBI Capital and B M Sharma MD of the Rajasthan Bank here today.

This is the second in a series of such tie ups planned by the IDBI Capital market Services Ltd to reach out to the retail traders. IDBI Capital had earlier signed an agreement in this regard with the Punjab National Bank.

In a joint press conference Mr Muhnot said an advanced on line porter ''IDBI paisabuilder.in was built with the core objective of providing easy and informed investing experience to the investors.'' He said that with the signing of the agreement the customers of the Rajasthan Bank were provided with a world class online investing platform with the backing two very reputed and established financial institutions in the country.

Bank of Rajasthan MD B M Sharma said, ''The porter is targeted mainly at the retail investors many of whom have unfortunately missed out the recent boom in Indian stock markets.

The site will enable the investors to take informed decisions thereby minimising risk involved in equity investment.'' With this tie-up the Bank of Rajasthan will be able to provide comprehensive investment solutions to all their customers while IDBI Capital in turn would benefit from the wide reach and presence of the bank especially in Rajasthan, Mr Sharma said.

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