Bajaj Broking partners with Tamilnad Mercantile Bank to launch 3-in-1 account solution
Bajaj Broking, the broking arm of Bajaj Finance Ltd., has entered into a strategic partnership with Tamilnad Mercantile Bank (TMB) to introduce a comprehensive 3-in-1 account solution, integrating banking, broking, and investment services on a single platform.
The collaboration aims to offer Tamilnad Mercantile Bank customers a seamless online trading experience through Bajaj Broking’s platform. The 3-in-1 account will simplify fund transfers, reduce paperwork, and provide a tech-driven interface for investments across a wide range of financial products.
With this partnership, Bajaj Broking seeks to expand its digital services while TMB aims to strengthen its offerings in the investment space. The companies aim to leverage their respective strengths to deliver client-centric solutions and unlock new business opportunities.
As part of its growth strategy, Bajaj Broking is expanding its physical footprint across India. The company plans to increase its branch network to more than 50 locations by March 2025, focusing on a mix of metro cities and Tier 2 and Tier 3 markets.
In line with its digital-first approach, Bajaj Broking has also bolstered its research capabilities to offer comprehensive market insights to its growing customer base, ensuring a robust support system for investors navigating the financial markets.
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 and 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”