UBI, Emkay JV for online trading services

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{image-union bank of india-logo_03062008.jpg news.oneindia.in}Mumbai, Jun 3: Union Bank of India (UBI) today announced a strategic alliance with Emkay Share and Stock Brokers Limited, a leading stock broking company in India, to offer online trading services to the Bank's customers.

Union Bank of India, with its network of 2518 branches, all integrated under Core Banking Solution and with its ethos and customer-centric approach plan, was attempting to address the fast-growing phenomenon of internet trading and offers a convenient platform to the value-seeking, cash-rich new-age consumer, looking to save precious time, the Bank said in a release here.

The E-Investing platform EMTRADE, offered by Emkay, would allow the Bank's customers to seamlessly execute their transactions according to their investment needs and at their convenience. Any customer of Union Bank of India at any of its CBS branches could use this online trading platform from any place with an Internet connection. This was one more initiative of the Bank to offer technology-based products to its customers.

This new alliance is in line with Emkay's strategy of increasing its reach and penetration across the country. This also facilitated the creation of new business opportunities and enhanced customer centricity by leveraging the core competencies of both organizations.


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