May, 27: SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd., a multi-state scheduled bank in India, has tied up with Axis Securities to deliver comprehensive trading and investment solutions to customers while advancing the Bank’s next-generation financial capabilities.
This partnership will facilitate a 3-in-1 account which will offer access to savings, demat and trading accounts to its customers. This offering enables customers to bank digitally and invest in the stock market through their SVC Bank account. SVC Bank and Axis Securities have worked collaboratively to provide an easy-to-use platform and all of the tools necessary to perform financial transactions efficiently and quickly. Additionally, the purpose of this partnership will create a simple, fast, and efficient way for customers to utilize both their banking and investing services
As SVC Bank strives to be a complete financial services provider, the bank will provide its customers with a wide variety of banking and investment options through this partnership with Axis Securities. Customers will have the ability to access their banking services at any one of SVC Banks’ multiple branches and online, while using advanced trading platforms offered by Axis Securities to invest.
Through this collaboration, SVC Bank customers will gain access to Axis Securities’ wide range of investment solutions, including innovative brokerage plans, advanced trading platforms, and premium research services, enabling them to make more informed investment decisions and grow their financial portfolios, while Axis Securities will benefit from access to SVC Bank’s customer base and a deeper presence across key geographies.
On this collaboration, Mr. Ravinder Singh, Managing Director, SVC Bank, stated:
“Our commitment has always been to deliver value-oriented, financially relevant products & services to our clients. This unique opportunity to collaborate with Axis Securities provides us an opportunity to expand our product suite to our clients beyond traditional banking services and provide them with a simple & safe way to participate in capital markets. This ‘3 in 1’ account will enhance client convenience and access to invest tremendously. As we strengthen our digital and investment capabilities, this partnership is a natural step towards building a more comprehensive financial services offering for our customers.”
Commenting on the partnership, Pranav Haridasan, MD & CEO, Axis Securities, said:
“Our collaboration with SVC Bank marks a strong step towards widening access to smart investing solutions. By combining the Bank’s trusted customer franchise with our digital-first platforms, robust research, and diverse product suite, we aim to empower more investors to participate confidently in the markets. We see this as a partnership focused on long-term value creation for customers.”
Continuing its commitment to a customer-first focus, SVC Bank is expanding its lending capability and innovation in deposit and digital banking products. This strategic partnership with Axis Securities reaffirms its objectives of providing clients with a comprehensive suite of finance and insurance-based services.