A recent press report said that Allahabad Bank has signed a pact with Aditya Birla Money to provide its customers with online services for investing conveniently in the financial products.
Aditya Birla Money which is a subsidiary of Aditya Birla Financial Groups deals with the financial services such as broking, wealth management and retail distribution.
Aditya Birla has made tie up with Allahabad bank which has a customer base of about 27 million to provide online services for investment in financial services. With increasing usage of online services, this pact would enable the accountholders of Allahabad bank to benefit from the company’s single window interface to make investments in equities, derivatives, commodities and IPOs.
Allahabad Bank is one of the Oldest Joint Stock Bank of the Country. It was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – Nineteenth, Twentieth and Twenty-First. Allahabad Bank, the personal lender includes home loan, personal loans, vehicle loan, business loans, educational loan etc in its credit basket.