Bangalore News Network
Advertise With BNN
About Us
Bangalore News Network
BNN
Karnataka Elections 2018
Industry & Commerce
Launches
Health
Social Service
Sports
Politics
Fashion & Entertainment
Interviews
Other News
Feedback
Trending News
List All News
Request News Coverage

Federal Bank Makes Two More Strategic Tie-ups for Portfolio Investment Scheme

Federal Bank entered into a strategic partnership with two new broking partners, M/s Celebrus Capital Ltd & M/s Fortune Wealth Management Co. India Pvt. Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. A formal agreement was executed at Federal Towers, Marine Drive, and Ernakulam. On the occasion, Mr. Jose K Mathew, EVP & Head - Retail Business, Federal Bank & Ravi Ranjit, DVP - Retail Business, Federal Bank, exchanged the MoU with Mr. Giby Mathew, Managing Director, Celebrus Capital Ltd and Mr. Jose C Abraham, Managing Director, Fortune Wealth Management Co. India Pvt. Ltd, respectively
Mumbai | Written by: BNN Team | Updated: 12-03-2018 | Views: 151
TRENDING
Sports - Bengaluru athletes help India secure worl ...
Others - “Narada Silpasastra” authored by R ...
Health - Health & Glow celebrates Yoga week with yoga and nutrition

With the introduction of these two new arrangements, the Bank has partnered with nine broking companies, through which the Bank facilitates NRI clients to invest in shares of Indian companies, in secondary market for purchase/sale of shares or convertible debentures on repatriable and non repatriable basis.


Mr. Jose C Abraham, Managing Director, said that Fortune Wealth Management Co. India Pvt. Ltd, Coimbatore's Leading Stock Broking Company is proud to associate with Federal Bank, one of India’s most dynamic private sector banks. He also mentioned, “Together we will facilitate NRI investment in India's vibrant equity markets through the 'Portfolio Investment Scheme' of Reserve Bank of India”. He believes that this tie up between the  two institutions will emerge as a very customer friendly and hassle free mechanism for Indians living abroad to invest in Indian equities without losing the  NRI status of their savings.


Mr. Giby Mathew, Managing Director, Celebrus Capital Ltd mentioned that the tie-up with Federal Bank will immensely help Celebrus Capital to offer the available investment opportunities in the Indian Capital market for NRI Investors at a transparent manner through Portfolio Investment Scheme.


On the occasion Mr. Jose K Mathew, EVP & Head, Retail Business Department, Federal Bank added that the Bank is competent to cater to all the needs of NRI clients to invest in Indian Stock market and offers PIS services with best in class service at extremely competitive rates. He also added that the bank is in the process of doubling the PIS business in terms of number of accounts and total volume.
 

COMPANY
About Us
Promoters
Advertise With Us
Careers
Feedback / Contact Us
NEWS SECTIONS
Industry & Commerce
Fashion & Entertainment
Health
Politics
Sports
POLICIES
Copyright Policy
Terms of Use
Privacy Policy
Complaints
CONTACT INFORMATION
Bangalore News Network
General:
info@bangalorenewsnetwork.com
Complaints:
Complaints@bangalorenewsnetwork.com
Send Your Feedback Here
Copyright © 2003 Bangalore News Network.
Software by Probiz IT & ITES