By New Delhi: SMC Global Securities limited today announced a strategic alliance with Nainital Bank Ltd. for offering online trading services to the bank customers. This 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 Nainital Bank Ltd. customers through the portal www.smctradeonline.com apart from mobile trading app (SMC ACE) and desktop-based software.
Under this collaboration, SMC will be offering both full brokerage and discount brokerage services to the bank’s customers in the light of customer’s inclination towards discount broking houses. The trading platform is a high end, integrated application for fast, secure and hassle-free execution of trades.
The partnership will enable SMC Global to expand its client base by tapping into Nainital Bank Ltd.’s extensive 168 branches operating in five states i.e. Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan. This tie-up will help the bank provide additional services to its account holders and to generate an additional source of revenue.
On this occasion Shri. Ajay Garg, Director and CEO, SMC Global Securities Ltd. said, “It is prestigious for SMC to tie up with Nainital Bank Ltd. 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. Paper-less eKyc will make the onboarding process quick and easy thus enabling us to drive it at a wider scale digitally.
On this occasion Mr. Nikhil Mohan, Managing Director & CEO, Nainital Bank Ltd. said that “It is our pleasure to tie up with SMC. With this tie up, we aspire for the unstoppable growth of both entities, blending the traditions with technology and our clients to have easy and smooth investing and trading experience with SMC.”
About SMC Global Securities Limited:
Estd. In 1994, 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 over 2.0 million customer base and has presence across 450+ major cities/towns in India. It has a strong network of approximately 2550 authorized persons and sub brokers. SMC group employs over 4,600 employees (as on Sept 15, 2023), leveraging a strong partnership and ownership culture.
About Nainital Bank Ltd:
The Nainital Bank Ltd. was established in the year 1922 with the objective to cater banking needs of the people of the region. In the year 1973, Reserve Bank of India directed Bank of Baroda, a premier nationalized bank, to manage the affairs of the Nainital Bank Ltd. Limited. At Present, The Bank is having 168 branches operating in five states i.e. Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.
All the branches of the Bank are operating in CBS platform. Bank is also providing RTGS, NEFT, SMS Alerts, RuPay ATM cum Debit Card, NainiNet Internet Banking and Mobile Banking facilities to its customers.