Jana Small Finance Bank ties up with Axis Securities to offer services through 3-in-1 account
Ajay Kanwal, managing director and chief executive officer, Jana Small Finance BankPremium
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Jana Small Finance Bank today announced its tie-up with Axis Securities, a wholly-owned subsidiary of Axis Bank, to offer its customers the perfect blend of banking and investing through 3-in-1 account. The 3-in-1 account integrates seamlessly Savings Bank Account maintained by Jana Small Finance Bank & Demat and Trading Accounts maintained by Axis Securities.
“We are delighted to give our customers access to a scalable 3 in 1 platform. This tie-up with Axis Securities will continue our endeavor in building meaningful relationships with our customers by providing them with access to smart financial planning tools that will help them in wealth creation journey. We believe the key attraction for Jana customers will be mutual funds SIP where they can invest a p
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IIFL Securities has won the bid to acquire about 1.1 million demat accounts held by Karvy Stock Broking, while Axis Securities has emerged as the successful bidder for trading accounts (broking accounts) held by Karvy. These wins were part of a formal bidding process organised by the National Stock Exchange of India (NSE), BSE, and MSE. This is to inform you that IIFL Securities has emerged as the successful bidder for demat accounts held by Karvy with NSDL and CDSL. The said transfer of demat accounts is subject to remittance of the bid amount and submission of the necessary documents in relation thereto, IIFL Securities said in an exchange filing.
FBS, now also operating under the Australian Financial Services License number 426359, is ready to start providing services in Australia and other regions in
15 Comments on this Story
SreenivasaChakravarti29 days ago
Have written #Karvy to refund ledger balance but there is no action taken. Complaints escalated to NSDL again no reply. NICE Portal skirts the subject of ledger balances and only asks for scripts. It’s a perfect circular logic where small investors are destined to lose.
SSRINIVASAN48 days ago
Karvy Stock Broking Limited has cheated small investors by pledging the shares by misusing the Power of Attorney (POA). These POAs were obtained as a matter of routine from the small investors and there was no way a small investor could say no to signing the POA. NSE& BSE have not banned this group from doing any business in securities market. We invest in the security market hoping that the regulatory bodies would take stringent action on erring brokers both on the brokeing firms and on the persons involved in the fraud by confiscating their personal wealth. But regulatory bodies did not safeguard the interest of small investors