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Dhanlaxmi bank enters into strategic alliance with SMC Global Securities

20 Jul 2021 Evaluate

Dhanlaxmi bank has entered into a strategic alliance with SMC Global Securities for offering online trading services to customers. The tie-up will offer an integrated 3-in-1 account, comprising a Savings, Demat and Trading account providing a hassle free and convenient trading experience to the Dhanlaxmi Bank customers through the portal ‘www.smctradeonline.com’ 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 banks deep presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and other parts of the country. The tie up will help the bank provide additional services to its account holders and to generate an additional source of revenue.

Dhanlaxmi Bank was incorporated in 1927 by group of entrepreneurs at Thrissur located in Kerala. Bank's focus has always been on customizing services and personalizing relations.

Peers
Company Name CMP
HDFC Bank 729.45
ICICI Bank 1332.00
Axis Bank 1186.50
Kotak Mahindra Bank 405.30
Indusind Bank 920.20
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