Indian bank offers online trading

Kolkata-headquartered Allahabad Bank has teamed up with Aditya Birla Money (ABM), the wealth management arm of Aditya Birla Financial Services Group (ABFSG), to offer online trading facilities to customers, My Digital fc reports.

The bank now hopes to offer its customers the convenience of investing in various financial products online.

All Allahabad Bank's account holders can now benefit from ABM's single window interface to invest in equities, derivatives, commodities and IPOs, says Allahabad Bank's official spokesman.

With online trading gaining significant momentum, this strategic tie-up will enable ABM to tap the bank's customer base and provide them with online trading facilities, The Economic Times writes.

Through this tie-up, the bank will be able to extend its offerings beyond the realm of traditional banking, creating significant value for its customers and providing them a superior trading experience with seamless integration of state-of-the-art technology.

This will provide 27 million Allahabad Bank customers the convenience of investing in financial products online.