PNB to launch online share trading

The Punjab National Bank is adding a new facility by offering cutomers a place to buy and sell shares.

Punjab National Bank is likely to launch a new product in November that will enable its customers to buy and sell shares online.

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At present, the bank only offers demat account services, but to transact in shares its customers had to go to other banks.

"We have tied-up with IDBI Capital to offer a facility to customers to buy and sell shares," Punjab National Bank executive director K Raghuraman said.

After the interface with the technical support provider Infosys is established, the Bank plans to launch the online facility in November.