Dhanlaxmi Bank partnered with SMC Global

Published on July 21, 2021
Current Context: The Dhanlaxmi Bank entered into a partnership with SMC Global Securities Limited (SMC Global).
Dhanlaxmi Bank partnered with SMC Global
  • They have entered into a partnership to offer online trading services to customers.
  • Both the entities will offer an integrated 3-in-1 account. The account will be comprised of Savings, Demat and Trading account.
  • Thus the customers of banks will get a convenient trading experience and the trading platform will be highly secured, fast and hassle-free one.
  • Also, the partnership will benefit SMC Global to increase its client by enhancing its services to the bank's deep presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and other parts of India.
  • And the Dhanlaxmi Bank will be able to offer new facilities to its customers and thus generate an additional source of revenue.
  • Under this partnership, SMC Global will open the Trading Account and the Bank will maintain the bank account as well as the Demat account of the customer.
  • Static Part: 
    • HQ SMC Global: New Delhi
    • HQ of Dhanlaxmi Bank: Thrissur, Kerala

Question: 

Q.1 Which bank partnered with SMC Global Securities Limited (SMC Global) to offer online trading services to customers?
a. Dhanlaxmi Bank

b. Bandhan Bank
c. South Indian Bank
d. DCB Bank

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