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SBT launches product for share trading

HASSLE-FREE FOR CUSTOMERS: A.K. Jagannathan (second from right), Managing Director, SBT launches the bank’s new product “eZ Trade.” Mathur K. Nanjunda (left), SBT General Manager (Operations); Swati Desai, Managing Director, SBICAP Securities, and Varkey Philip, former principal, Barton Hill Engineering College, Thiruvananthapuram look on.

THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) has launched ‘eZ Trade’ for customers in the personal segment for online shares and securities trading.

The product, being offered on a highly secured integrated platform, is being brought out in association with the State Bank of India and SBICAP Securities Ltd., an SBT press release said here on Saturday.

It comprises savings bank/current and overdraft accounts in addition to demat and trading accounts.

Customer can access their demat and trading accounts from anywhere.

The process is paperless and hassle-free, the bank claimed.

The product provides live quotes of cash and derivatives of the National and Bombay Stock Exchanges and all other facilities for online trading in shares and securities.

SBT Managing Director A. K. Jagannathan launched the product at a function here in the presence of Swati Desai, Managing Director, SBICAP Securities; SBT General Manager (Operations) Mathur K. Nanjunda and Varkey Philip, former principal of the Barton Hill College of Engineering, Thiruvananthapuram. SBT released the first claim under its recently launched SBI UNI Suraksha personal accident insurance scheme to Prapanja P. Prasannan, whose mother died in a road accident in Kollam a month ago. The child received a cheque for Rs. 5 lakh from Mr. Nanjunda.

Her mother, Prasanthy, had joined the scheme by paying a premium of Rs.50 in March this year.

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