Bank Promoted Stock Brokers In India

I receive Many inquiry through readers of ShareGyaan which bank is best to open a DEMAT account for share trading. So after a long time I have decided to write this article which will help you in choosing a bank for share trading and for investment in other financial instruments like commodities, mutual fund, IPO and in currencies.

Bank Stock Broker - ShareGyaan

There are two types of the Bank Promoted Stock Brokers in India:

  1. Wholly  Owned Subsidiary of  Bank
  2. Associated with Leading Stock Broker

Now a day’s both Government and Private Banks provide online trading facility to their clients either directly through its subsidiary or  Through in association with leading Stock Broker.

1. Wholly  Owned Subsidiary of  Bank

Wholly owned subsidiary means parent company retain maximum control, and also with all the costs and risks of full ownership. This arrangement is commonly used by big companies who want to keep complete control of their child organization.

Here is the List of Bank Stock Brokers which is wholly owned subsidiary of Bank

Public Sector Banks:

  • BOB Capital Markets Ltd.
  • Canara Bank Securities Ltd.
  • Indbank Merchant Banking Services Ltd.
  • SBI CAP Securities
  • IDBI Capital Market Services ltd

Private Sector Banks:

  • Axis Direct
  • HDFC Securities
  • ICICI Direct
  • Kotak securities

2. Associated with Leading Stock Broker

In this a Bank provides trading Account for trading  in stock market through  third party (Leading Stock Broker) but DEMAT Account and Saving Account are provided by bank it self so you can get your holding details from your Bank but to trade in stock market you need to access third party which is associated with the Bank.

Public Sector Banks:

  • Allahabad Bank is Associated with Aditya Birla Money
  • Andhra Bank Andhra is Bank Associated With Religare Securities ltd
  • Bank of Maharashtra is Religare Securities Ltd., Reliance Securities Ltd. & Ventura Securities Ltd.
  • Central Bank of India is Associated with Angel Broking
  • Corporation Bank is Associated with Religare Securities Ltd
  • Dena Bank is Associated with Karvy Stock Broking Ltd.
  • Oriental Bank of Commerce is Associated with IDBI Capital and Karvy Stock Broking Ltd.
  • Punjab National Bank is Associated with SMC, Networth,  IDBI Capital Market Services Ltd.
  • Syndicate Bank is Associated with Acit C mehta
  • UCO Bank is Associated with Religare Securities Ltd.
  • Union Bank of India is Associated with Sharekhan, Emkay, Religare & IDBI
  • Vijaya Bank is Associated with IDBI Capital Market Services ltd

Private Sector Banks:

  • CITY UNION BANK is Associated with Geojit BNP
  • Dhanlakshmi is Associated with Destimoney
  • Fedralbank  is Associated with Geojit BNP
  • INDUSind Bank  is Associated with Kotak Securities
  • South Indian Bank Associated with Geojit BNP

 

5 thoughts on “Bank Promoted Stock Brokers In India”

  1. hello sir, i am a btech student and i want to start trading because i want to gift a car to my father .. and i do have interest in making money … my father is having his account in angel broking but i wanted to ask that i should go with which company…
    i dont have much knowledge about this but i hope you will help me..
    thank you

    Reply
  2. Hello, We , Sushsil Finance is the one of the oldest broking in india and has spread good pan india presence over 32 years. We are best known for or Research performance call and are popular among our client network. here i would like to know weather you can interested into some kind of barter on marketing and promotion.

    Reply
  3. mr.sujit kumar I have read your blog & get impresed I request to give suggesion which shares to buy or when the gold mini to buy or sale

    Reply

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