· 3-in-1 account (savings + trading + demat), a convenient option for customers to keep their banking and financial investments under one umbrella.
Mumbai, February 15, 2022 (GNI): Capital Small Finance Bank Limited, India’s first small finance bank launches 3-in-1 savings + trading + demat account in partnership with Motilal Oswal Financial Services Limited (“MOFSL”) to widen its product offerings and provide its customers with a convenient banking & trading experience.
This initiative of the Capital Small Finance Bank Limited will allow customers the access to research driven advisory from MOFSL. Through the trading account of MOFSL, Capital Small Finance Bank Limited’s customers can invest in their choice of investment options like equity, currencies, commodity products and more with various offers. Considering the growing digital space, the account can be also accessed and executed using various digital platforms like mobile apps, web portal, desktop and other .exe platforms.
The advantages of this account include zero charges on account opening, regular call and trade facility during market hours, personalized advisory support and many more.
Mr. Sarvjit Singh Samra, Managing Director and Chief Executive Officer, Capital Small Finance Bank Limited said “We want to offer our customers an enriching banking experience and therefore Capital Small Finance Bank Limited takes pleasure in launching the 3-in-1 savings cum trading cum demat account, that will help them to operate the banking and trading services conveniently.”
The financial products offered through the 3-in-1 account includes equity, commodities, currencies, bonds, initial public offerings (IPOs) etc.
Mr. Ajay Menon, CEO, Broking & Distribution, Motilal Oswal Financial Services Limited said “Motilal Oswal Group has been into equity advisory for the past 35 years. With the leadership position in equity advisory of MOFSL and one of the leading small finance banks in Capital Small Finance Bank Limited, MOFSL & Capital Small Finance Bank Limited coming together is definitely a value proposition for the clients who choose to partner with us via this 3 in 1 account. We are glad to tie-up with Capital Small Finance Bank Limited and both the companies wish to achieve the objective of great customer services.”
About Capital Small Finance Bank Limited started operations as India’s 1st Small Finance Bank with effect from April 24, 2016, prior to which, it was operating as ‘Capital Local Area Bank Limited’, India’s largest local area bank. Capital Small Finance Bank Limited is one of the leading small finance banks in India in terms of asset quality, cost of funds, retail deposits and CASA deposits for Fiscal 2021. (Source: CRISIL Limited). Capital Small Finance Bank Limited has the most diversified portfolio with sizeable book in multiple asset classes as compared to other small finance banks with a highest proportion of secured lending of 99% as of Fiscal 2021 among the small finance banks (Source: CRISIL Limited). Capital Small Finance Bank Limited was one out of the two non-NBFC microfinance entities to receive the license to operate as a small finance bank in 2015 (Source: CRISIL Limited).
About Motilal Oswal Financial Services MOFSL is a financial services company. Its offerings include capital markets businesses (Retail broking, Institutional broking & Investment banking), Asset & Wealth Management (Asset Management, Private Equity & Wealth Management), Housing Finance & Equity based treasury investments. MOFSL won the ‘Brand of the Year’ award at the IBLA CNBC TV 18. MOFSL employs ~9000 employees serving to 4.4 mn clients via distribution reach in 700+ cities. MOFSL has AUA of Rs 3 trillion. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the website of the book running lead managers, Edelweiss Financial Services Limited, Axis Capital Limited and SBI Capital Markets Limited at www.edelweissfin.com, www.axiscapital.co.in and www.sbicaps.com, respectively, the website of the BSE Limited at www.bseindia.com and the website of the National Stock Exchange of India Limited at www.nseindia.com.ends
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