MUMBAI, (GNI): Mani Palvesan, MD of SBICAP Securities Ltd, Dipankar Bose, CGM of SBI and Narendra Murari Rane, Chairman of Shree Siddhivinayak Temple Trust during launch of SBICAP Securities and Siddhivinayak Temple Join hands to provide devotees with an electronic platform to make offerings and donations in Mumbai on Tuesday – Photo by Sumant Gajinkar
MUMBAI, (GNI): SBICAP Securities Ltd (SSL), a 100% subsidiary of SBI Capital Markets Ltd has joined hands with the Mumbai based Shree Siddhivinayak Temple, to provide devotees with an electronic platform to make offerings and donations of financial instruments.
The initiative will initially allow for donations like shares or stocks of listed entities to be made in the electronic format via a demat account set up specially for the Temple. Going forward this initiative will extend to other financial instruments like mutual funds, bonds, gold ETFs etc. There will be a seamless transfer to the temple and devotees can avail of this opportunity from anywhere, through an electronic platform.
An agreement to this effect was exchanged between Mani Palvesan, Managing Director, SBICAP Securities Ltd and Narendra Murari Rane, Chairman, Shree Siddhivinayak Ganapati Temple Trust at a programme held in Mumbai on Tuesday.
Staffs of SSL will be amongst the first donors under this initiative.
Palvesan said, “SBICAP Securities Ltd is honoured to be associated with this e-initiative for the temple. The initiative will enable lakhs of devotees to present their alternate financial offerings to their beloved God in a timely and convenient manner.”
Hailing the initiative, Dipankar Bose, Chief General Manager, SBI, Mumbai, said, “We have seen paradigm shifts across industries on the back of many technological innovations recently. We in SBI are happy to be able to be part of an initiative that could simplify the process of religious offerings for devotees”
About SBICAP Securities Ltd
SBICAP Securities Limited (SSL), a wholly owned subsidiary of SBI Capital Markets Ltd., is a part of the State Bank group, the largest financial conglomerate in India. We offer broking services along with a wide range of financial and advisory services. In a short span of time, since our inception in 2006, we have become one of the fastest growing financial intermediaries in the country, catering to more than a million customers, across 100+ locations.ends