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Religare partners with Dhanlaxmi Bank

India Blooms News Service | | 25 Mar 2015, 07:48 pm
Mumbai/New Delhi, Mar 25 (IBNS): Religare Securities Ltd. (RSL), a retail broking arm of India's leading diversified financial services group, Religare Enterprises Limited (REL) and Dhanlaxmi Bank, have entered into a strategic tie-up to launch the 'Dhanam 3 in 1 account' for the bank’s customers.

With customer centricity at the core of this alliance, Religare and Dhanlaxmi Bank will look to create new business opportunities by leveraging core competencies of both the organizations. 

As part of this umbrella solution, customers will get a bundled offering of the bank’s savings and demat account along with an online trading account.

Commenting on the tie-up, Jayant Manglik, President-Retail Distribution, Religare Securities Ltd.  said, “We are pleased to announce  this partnership with a high quality bank like Dhanlaxmi which has a great presence particularly in the southern part of the country and is known for its innovative and customer centric approach. The new product offering will enable us to jointly offer a one of its kind umbrella solution to address customer needs across savings/demat/online trading through a single interface.  Online trading will be powered by a market leading online trading platform, equipped with cutting edge features to provide users a hassle free, seamless and convenient trading experience.”

Manikandan.P,Chief General Manager, Dhanlaxmi Bank, said, “We see this new tie up as a good opportunity to offer our customers diversified investment options along with our traditional banking products. This new relationship will provide our customers, easy access to the equity markets and with the guidance of the experienced Religare personnel, customers will find this experience quite enjoyable.”