State-owned Indian Overseas Bank (IOB) has tied-up with brokerage firm SMC Global Securities (SMC Global) to offer online trading services to the bank customers.
The customers of the bank can do trading through www.smctradeonline.com.
"This tie up would help the bank to provide additional services to its account holders, would increase float and would add additional stream of revenue to the bank," said Anurag Shankar, General Manager, IOB.
This tie-up would help SMC to increase its presence in southern India and would also help SMC to increase its client base, said Ajay Garg, Director, SMC Global.
SMC has presence in more than 500 cities which can service around 3,300 branches of IOB, a statement said.