Stock broking counter opened at Indian Bank, Mylapore

As part of its centenary celebration Indian Bank’s Mylapore branch has opened a new stock broking terminal counter here. Indibank Merchant Banking Services Limited is a subsidiary of Indian Bank.

It was formally opened by Nathella Anjaneyulu Chetty, director of NAC Jewellers and N. D. J. Renganath of Srinivasa Enterprises.

Indibank is a registered with SEBI as a category 1 merchant banking. It has been functioning for the last two decades.

The terminal will provide services in merchant banking, stock broking and depository participant.

It will accept applications for opening depository participant account with NSDL, online trading accounts for customers of Indian Bank.

The offline terminal at the Mylapore branch will provide stock broking operations, besides distribution of Mutual Fund products, IPO and other advisory services.

The bank is located at 21, North Mada Street, Mylapore. Ph: 2464 1420, 2464 2068.

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