IDBI Capital Inks Pact With Oriental Bank

IDBI Capital Market Services Ltd on March 21 inked a memorandum of understanding (MoU) with Oriental Bank of Commerce (OBC) to offer e-trading services through www.IDBIpaisabuilder.in. The portal allows online investment in equities, mutual funds and initial public offerings. Facilities of investing online in equity on the BSE and the NSE, F&O (NSE), mutual funds (including SIP facility), portfolio tracker, two equity trading platform to all customers and custom stock screener are among the features on offer. The new platform offers a host of facilities including a corporate library that provides company information of more than 4,000 companies including balance sheet for five years, profit and loss statements among others. The charges for the service would be competitive and likely to vary from 0.2 per cent for small investors to 0.5 for large customers. There is also to be a one-time charge of Rs 700.