IDBI Capital ties up with Bank of Rajasthan

Mumbai, Nov 23 (UNI) IDBI Capital Market Services today inked an agreement with Bank of Rajasthan to offer advanced e-trading services through www.IDBIpaisabuilder.in to the customers of the bank.

Announcing this, an official press release said the agreement was signed by Mr S Muhnot, MD and CEO, IDBI Capital, and Mr B M Sharma, MD, The Bank of Rajasthan here today.

Commenting on the strategic alliance, Mr Muhnot of IDBI Capital said, ''An advanced online trading portal, IDBIpaisabuilder.in is built with a core objective to provide easy and informed investing experience to investors. This association will provide customers of the bank with a world-class online investing platform with the backing of two very reputed and established financial institutions of the country. We are extremely glad to be associated with Bank of Rajasthan in this venture.'' ''IDBIpaisabuilder.in is targeted mainly at the retail investors, many of whom have unfortunately missed out on the recent boom in Indian stock markets. The site will enable the investors take right decisions by minimising the risk involved in equity investment and and also provide for faster trade executions. We are presently rolling out this initiative nationwide in a phased manner,'' said Mr Sharma of the Bank of Rajasthan(BoR).

With this tie-up, BoR will be able to provide comprehensive investment solutions to all their customers. It will also help them to push their DP services.

IDBI Capital, in turn, would benefit from the wide reach and presence of BoR, especially in the state of Rajasthan where it is extremely strong.

UNI SN MAZSKB1921