Private sector bank, City Union bank Limited launched its Online Trading product ‘Cub-Share-Trade’ in association with leading financial services provider, Geojit BNP Paribas. The Memorandum of Understanding was signed by Managing Director and CEO, City Union Bank Ltd., Mr. S. Balasubramanian and Managing Director, Geojit BNP Paribas Financial Services Ltd., Mr. C J George.
The lender’s retail clients will now have access to the comfort of seamless, hassle-free online trading in equities, derivatives, IPOs and Mutual Funds through Geojit BNP Paribas’ online trading platform. The product will be available to the Bank’s customers across the country through its network of 222 branches. Through CUB-SHARE-TRADE, Bank’s customers can block funds in their bank account to purchase shares and can view their demat holdings. The interface was developed jointly by City Union Bank and Geojit Technologies (P) Ltd.
Addressing reporters, Mr, George said, “We are proud to associate with an esteemed bank such as City Union Bank. The launch of the online trading platform by City Union Bank in association with Geojit BNP Paribas will greatly facilitate the retail clients of the Bank to transact in a range of online products through an integrated account.”