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City Union Bank inks MOU with Geojit BNP Paribas

City Union Bank Limited,a well respected private sector bank launched its Online Trading product 'Cub-Share-Trade' in association with Geojit BNP Paribas,a leading financial services provider in India.

Written by Agencies | Chennai |
December 15, 2009 5:23:09 pm

City Union Bank Limited,a well respected private sector bank launched its Online Trading product ‘Cub-Share-Trade’ in association with Geojit BNP Paribas,a leading financial services provider in India. S. Balasubramanian,Managing Director and CEO,City Union Bank Ltd.,and C J George,Managing Director,Geojit BNP Paribas Financial Services Ltd.,signed a MoU to this effect in Chennai.

City Union Bank’s retail clients will now have access to the comfort of seamless,hassle-free online trading in equities,derivatives,IPOs and Mutual Funds through Geojit BNP Paribas’ online trading platform. City Union Bank-Geojit BNP Paribas interface is developed jointly by City Union Bank and Geojit Technologies (P) Ltd.

C. J. George,Managing Director,Geojit BNP Paribas said,“We are proud to associate with an esteemed bank such as City Union Bank. The launch of the online trading platform by City Union Bank in association with Geojit BNP Paribas will greatly facilitate the retail clients of the Bank to transact in a range of online products through an integrated account.”

The launch of “Cub-Share-Trade” reflects the Bank’s commitment to offer state-of-the-art products and services to its customers. The product will be available to the Bank’s customers across the country through its network of 222 branches. City Union Bank’s customers can open 3-in-1 integrated accounts comprising of a Savings account with the Bank,and a Demat account and Online Trading account with Geojit BNP Paribas. Through CUB-SHARE-TRADE,Bank’s customers can block funds in their bank account to purchase shares and can view their demat holdings. In case of sell orders,the trading system will check the balance in their demat account with Geojit BNP Paribas,before sending the order to the Exchange.

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