Bajaj Broking & Tamilnad Mercantile Bank partner to offer unified banking and investment services
Bajaj Broking, the broking subsidiary of Bajaj Finance Ltd., announced a strategic partnership with Tamilnad Mercantile Bank (TMB), to offer a comprehensive 3-in-1 account solution that seamlessly integrates banking, broking and investment services.
The partnership will enable customers of Tamilnad Mercantile Bank to trade online with Bajaj Broking and access its extensive suite of products and services. The cross-functional platform facilitates fund transfers, minimizes paperwork, and provides a unique tech-driven interface for investing in various products.
Commenting on the partnership, Manish Jain, Managing Director, Bajaj Broking said, “We are excited to extend our comprehensive investment solutions to Tamilnad Mercantile Bank customers. Our advanced trading platform aims to deliver transparency and ease in trading across exchanges. We seek to bring the benefits of our technology-driven services and research insights to a wider investor base. This partnership will empower investors with informed decision-making tools and expand our pan-India presence.”
Salee S.Nair, Managing Director & CEO, Tamilnad Mercantile Bank said, “We are delighted to partner with one of India’s leading broking houses backed by one of the most reputed business groups in the country. This collaboration with Bajaj Broking enables us to offer our customers a comprehensive suite of investment products through a seamless digital platform. As a bank with a 100-year legacy of trust, we reckon the partnership will add significant value to our customers’ financial journey and provide access to professional trading and investment services. This integration of banking and broking and investment services is backed by our commitment to evolving with our customers’ needs while maintaining our core values of service excellence.”
Focused on delivering client-focused solutions, Bajaj Broking and Tamilnad Mercantile Bank seek to leverage their respective strengths to drive new business opportunities and exceptional value creation.
Bajaj Broking continues its expansion across India with plans to increase its physical presence to more than 50 branches by March 2025. Through its digital-first approach complemented by strategic branch expansion, Bajaj Broking has established a strong presence across metro cities while also expanding in Tier 2 and Tier 3 markets. The company has also strengthened its research team to provide comprehensive market insights to its growing customer base.
