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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.

india Updated: Sep 28, 2006 13:39 IST

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

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.

First Published: Sep 28, 2006 13:39 IST