Centurion Bank of Punjab to invest in broking venture

Centurion Bank of Punjab Ltd has announced that the Board of Directors of the Bank has accorded approval for investing in an equity broking venture in India along with the Ambit RSM Group and the TV-18 Group, subject to necessary regulatory approvals. The businesses will be managed by a professional Board chaired by Mr. Rana Talwar.

This initiative will enable the Bank to offer an increasing array of sophisticated financial products to its mass affluent and high net worth customers. With this investment, the bank will be able to complete its suite of Wealth Management Services, which currently includes complete financial advisory services and distribution of products such as mutual funds and life insurance.

Source : Equity Bulls

Keywords