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Stock Report
SMC Global Securities Ltd partners with Ujjivan Small Finance Bank to offer 3-in-1 Accounts to its customers
Posted On : 2023-09-25 19:50:43( TIMEZONE : IST )
SMC Global Securities Limited today announced a strategic partnership with Ujjivan Small Finance Bank (Ujjivan SFB) to offer online trading services to the Bank's customers. This association will offer services comprising Savings, Demat and Trading accounts, providing a hassle-free and convenient trading experience to Ujjivan SFB's customers.
The collaboration will enable SMC Global to expand its client base by tapping into Ujjivan SFB's extensive pan-India presence, serving over 76 lakh customers. In this arrangement, SMC Global will handle the relationship of Trading and Demat Accounts of Ujjivan SFB customers. SMC will offer full and discount brokerage services to the Bank's customers.
Existing Ujjivan SFB customers can open a Demat Account through the Ujjivan SFB mobile banking app.
On this occasion, Shri. Ajay Garg, Director and CEO, SMC Global Securities Ltd., said, "It is prestigious for SMC to tie up with Ujjivan Small Finance Bank as it promises to deliver swift, secure, and hassle-free trading and investment experiences to the Bank's customers on both mobile and desktop. This partnership will help SMC Global strengthen and solidify its presence and client base across India."
Commenting on the partnership, Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, said, "We are delighted to announce our partnership with SMC Global to offer our customers an added avenue for wealth creation. This collaboration marks a significant milestone in our commitment to providing our valued customers with enhanced investment opportunities, to enable them to achieve their financial goals."
Shares of SMC Global Securities Limited was last trading in BSE at Rs. 79.12 as compared to the previous close of Rs. 78.50. The total number of shares traded during the day was 4074 in over 80 trades.
The stock hit an intraday high of Rs. 79.65 and intraday low of 77.30. The net turnover during the day was Rs. 321910.00.
Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 49.32 as compared to the previous close of Rs. 49.21. The total number of shares traded during the day was 1806567 in over 5730 trades.
The stock hit an intraday high of Rs. 50.60 and intraday low of 49.15. The net turnover during the day was Rs. 90041356.00.
