Open A Citibank Rupee Checking Account

Discussion Forum

Search
The Indian Express

The Financial Express

Latest News

Screen

Express Computer
Feedback
CerfKids

Corporate Results

Expresswheels

Travel

Ebate

Matrimonials

Careers

Lifestyle

Astrology

E-Cards

Columnists

Graffiti

Crossword

Letters

Environment

Jewellery
Info-tech

Power

Steel

Global Tenders

Filmtvindia


INDIAN EXPRESS FRONT PAGE

Politics

Business

Expressions

General

World

Sports

Leisure

States

 

Monday, July 19, 1999

Cosmos Bank launches DEMAT services

EXPRESS NEWS SERVICE  
PUNE, JULY 18: The Cosmos Cooperative Bank launched its Dematerialisation (DEMAT) services to facilitate the safe keeping of stock market investments of its customers on Sunday afternoon. This special depository service cell was inaugurated at the hands of executive director of the Reserve Bank of India, M G Srivastav.

To facilitate this service, the bank tied up with the National securities Depository Limited to work as its depository participant. This is a V-sat based facility that enables the banks customers to monitor their stock market investments.

The customers' physical share certificates are converted to equivalent number of securities in electronic form and are credited to his depository account. This, the bank claims, reduces theft, forgery, unorganised delay in transfer, bad delivery, loss in transit and mutilation of the certificates.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top



New! 39c a minute to India

CerfKids.com

 

Click here for a printer-friendly page Printer-friendly page

India Gift House: Send gifts all over India



EXPRESSindia.com
News   Business    Sports   Entertainment
The Indian Express | The Financial Express | Latest News | Screen | Express Computers
Travel | MatrimonialsCareersLifestyle | Astrology
E-Cards | Graffiti | Environment | Jewellery | Info-tech | Power