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PNB ties knot with brokerage firms to provide best ‘Online Trading Service’

Gaurav Mehra 14 April 2009

PNB ties knot with brokerage firms to provide best ‘Online Trading Service’ Punjab National Bank (PNB), India’s second largest public sector bank, has entered into an alliance with four brokerage firms, including Networth Stock Broking and SMC Global Securities, to strengthen its online securities trading services.

Currently, PNB in association with IDBI Capital Market Services, offers online securities trading services to its clients through 139 branches spread across 60 centres all over the country.

In a separate release, the lender has informed that it will be raising Rs 500 crore as PNB Upper Tier II Bond Issue Series VIII by accepting the firm commitments given by EPFO A/C HSBC AMC.

The proposed date of opening of the issue is April 16, 2009 and proposed date of closing the same is April 21, 2009.