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NT Bureau
Chennai, Mar 23:

        IDBI Capital Market Services Ltd, a provider of financial services, has singed up with Oriental Bank of Commerce to offer advanced e-trading services through its portal (www.IDBIpaisabuilder.in) to the customers of the bank.

        The agreement was signed between S Muhnot, CEO, IDBI Capital, and K N Prithviraj, CMD, Oriental Bank of Commerce, at a function in Delhi on Wednesday. 'We have built an advanced portal for online trading with a core objective to provide easy and informed investing experience to investors.

        This partnership will provide customers of the bank with a world-class online platform for investi-ng with the backing of two reputed financial institut-ions of the country,' said S Muhnot, managing direct-or and CEO, IDBI Capital.

        With this tie-up, Oriental Bank of Commerce would be able to provide inves-tment solutions to all their customers having demat and saving accounts.

        IDBI Capital in turn would benefit from the wide reach of Oriental Bank having more than one lakh demat accounts. Initially, the system was introduced at the Connaught branch in New Delhi and later on other branches in the country would be added to the list.

        'IDBI portal is targeted mainly at the retail investors. The site will enable the investors to take decisions without any risks involved in equity investment and will hand-hold the investors throu-ghout the entire invest-ment process, apart from offering a faster execution of the transactions,' said Allen C A Periera, executive director, Oriental Bank of Commerce.