SMC Global Securities Limited today announced a strategic alliance with Dhanlaxmi bank for offering online trading services to the bank customers.
SMC Global Securities Limited tie-up will offer an integrated 3-in-1 account comprising of a Savings, Demat and Trading account providing a hassle free and convenient trading experience to the Dhanlaxmi Bank customers through the portal apart from mobile trading app (SMC ACE) and desktop based software.
The trading platform is a high end, integrated application for fast, secure and hassle free execution of trades. This tie up will help SMC Global increase its client base by leveraging upon the bank’s deep presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and other parts of the country. This tie-up will help the bank provide additional services to its account holders and to generate an additional source of revenue.
Under this arrangement, SMC Global will open the Trading account and the Bank will maintain the bank account as well as the Demat account of the customer.
On this occasion Shri. Ajay Garg, Director and CEO, SMC Global Securites Ltd. said, “It is prestigious for SMC to tie up with Dhanlaxmi Bank and it will bring in a fast, secure and hassle free experience to the bank clients for investing and trading in shares from a mobile or desktop. It will also help SMC increase its presence and client base in southern part of India.”
About SMC Global Securities Limited:
SMC Global Securities Ltd. (SMC) is primarily engaged as a stock broking company along with other lines of business activities such as trading, arbitrage, whole sale and retail debt market, depository activities, distribution of financial services, research support services. Along with its subsidiaries, it has a well-diversified financial services business model reflecting a significant presence in almost all important segments of the financial services section such as Broking, Distribution of Mutual Funds, IPOs & other third party services, Debt Securities (Bonds), Discount Broking, Insurance Broking, Financing (NBFC), Real Estate Advisory, Wealth Management, Mortgage & Loan Advisory, Loan Advisory, Investment Banking, Clearing Services, Depository Participant Services, NRI and FPI Services, etc.
SMC caters to about 1.9 million customer base and has presence across 550+ major cities/towns in India. It has a strong network of approximately 2550 authorized persons and sub brokers. SMC group employs over 3,650 employees (as on March 31, 2021), leveraging a strong partnership and ownership culture.
About Dhanlaxmi Bank Limited:
Dhanlaxmi Bank Ltd is a private sector bank headquartered in Thrissur, Kerala, India. The bank has 245 branches and 257 ATMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.
Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs. Over the 93 years that followed, Dhanlaxmi Bank with its rich heritage has earned the trust and goodwill of clients. It is due to our strong belief in the need to seek innovation, deliver best service and demonstrate responsibility, that we have grown from strength to strength. Be it in the number of customers, the scale of business, the breadth of our product offerings, the banking experience we offer or the trust that people invest in us. With 533 touch points across India at your service; our focus has always been on customizing services and personalizing relations.