Religare enters into tie-up with Corporation Bank

Mumbai, Nov 13 (UNI) Religare, an integrated financial services provider, and Corporation Bank, one of the fastest growing public sector banks in the country, today announced their tie-up.

The tie-up, a holistic and integrated partnership, will initially focus on seamlessly offering Religare's internet trading services platform to the Bank's customers, to be eventually followed by a roll-out of the entire spectrum of Religare's services to the Bank's customers.

This partnership is a step to further strengthen the Bancinvest Channel created by Religare, which already includes tie-ups with IndusInd Bank and Tamilnad Mercantile Bank.

This new alliance is in line with Religare's strategy of increasing its reach and penetration across the country. This also facilitates the creation of new business opportunities and seamless customer centricity by leveraging the core competencies of both the organisations. Both organisations will work closely and leverage each other's strengths to eventually ensure customer delight.

In a statement here today, Mr Sunil Godhwani, CEO and MD of Religare Enterprises, said, '' Religare, with its integrated portal, and Corporation Bank, with its network, ethos and customer-centric approach plan, seek to capitalise on the fast-growing phenomenon of internet trading and seamlessly cater to the convenience and value-seeking, cash-rich and time-poor new-age consumers. Our tie-up with Corporation Bank is in line with our strategy of reaching out, increasing our reach and penetration across the country. This alliance will allow customers to seamlessly execute their transactions to suit their needs and demands.'' Mr U Balkrishna Bhat, General Manager, Corporation Bank, said, ''Our partnership with Religare demonstrates yet again that Corporation Bank is committed to providing a gamut of financial products and services under one roof. This alliance will enable us to expand our suite of capital market-related facilities to our customers in terms of Banking, Depository and Broking services. This move will also contribute to an increase in our non-interest income.'' UNI