Home Business SMC Global Securities, Ujjivan Small Finance Bank gain after tie-up

SMC Global Securities, Ujjivan Small Finance Bank gain after tie-up

by Paul Morgan

SMC Global Securities and Ujjivan Small Finance Bank have recently announced a strategic partnership to offer online trading services to the bank’s customers. This collaboration aims to provide swift, secure, and hassle-free trading and investment experiences to the customers of Ujjivan Small Finance Bank on both mobile and desktop platforms.

As a result of this partnership, SMC Global Securities will offer services such as savings, demat, and trading accounts to Ujjivan SFB’s customers. The company will handle the relationship of trading and demat accounts, as well as offer full and discount brokerage services to the bank’s customers.

Ujjivan SFB customers will have the convenience of opening a demat account through the bank’s mobile banking app. This added feature will allow them to seamlessly manage their investment portfolio and take advantage of online trading opportunities.

Ajay Garg, Director and CEO of SMC Global Securities, expressed his excitement about the partnership. He believes that tying up with Ujjivan Small Finance Bank will help SMC Global strengthen and solidify its presence and client base across India.

It’s worth noting that SMC Global Securities recently reached a 52-week high of Rs 88.80 in November 2022 and a 52-week low of Rs 61 in June 2023. The stock is currently trading 9.98 percent below its 52-week high and 31.05 percent above its 52-week low.

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In conclusion, the partnership between SMC Global Securities and Ujjivan Small Finance Bank is expected to bring added convenience and opportunities for online trading to the bank’s customers. With SMC Global’s expertise in handling trading and demat accounts, customers can expect a seamless and efficient trading experience.

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