Axis Bank ties up with Motilal Oswal Securities for Online Trading
Mumbai, May 20th, 2009: Axis Bank; India’s third largest private sector bank, today entered into a strategic alliance with Motilal Oswal Securities Ltd (MOSL), one of India’s largest financial services intermediaries, to facilitate online trading for the Bank’s ten million customers.
A Memorandum of Understanding (MoU) to this effect was signed by Mrs. Sonu Bhasin, President Retail Financial Services, Axis Bank and Mr. Motilal Oswal, CMD, Motilal Oswal Financial Services Ltd.
Following this tie-up, Axis Bank customers now have the additional option of making investments in equities, derivatives and Initial Public Offerings (IPOs), using the online trading platform of MOSL.
Axis Bank customers who have a Savings as well a Demat account with the Bank, can open a Trading Account with Motilal Oswal and enjoy the convenience of investing in financial products from the comfort of their home, office, while on the move or from any other location of their choice by just accessing the Axis Bank website and clicking on the link to MOSL provided on the homepage.
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