Chennai, Nov 26: Utkarsh Small Finance Bank Limited (Utkarsh SFBL) today announced a strategic partnership with Axis Securities to provide end-to-end trading and investment services for its customers. This collaboration marks a significant step in expanding the Bank’s capabilities to deliver next-generation financial solutions.
This partnership introduces a unique 3-in-1 account, seamlessly integrating a Savings Account with Utkarsh Small Finance Bank and a Demat and Trading Account with Axis Securities. This offering is designed to provide customers with a convenient and comprehensive platform for banking and investing.
Aligned with Utkarsh Small Finance Bank’s strategy to offer a full spectrum of financial services including savings and current accounts, deposits, loans, insurance, and investment products the partnership with Axis Securities will enable customers to seamlessly integrate banking and investing through multiple channels such as branches, Internet Banking, Mobile Banking, and assisted services.
With Axis Securities’ expertise, customers can now access advanced trading platforms, flexible brokerage plans, and in-depth research insights all designed to simplify investing and help them achieve their financial goals. This collaboration empowers customers with convenience, choice, and confidence in building a stronger financial future.
Mr. Govind Singh, Managing Director & CEO, Utkarsh Small Finance Bank, speaking about the partnership, said;
“At Utkarsh Small Finance Bank, we are committed to delivering holistic financial solutions to our customers. This strategic alliance with Axis Securities strengthens our service proposition, enabling customers to invest seamlessly and build long-term wealth. We have designed this offering to cater to diverse customer segments and enhance their overall banking experience.”
Pranav Haridasan, MD & CEO, Axis Securities, commenting on the association, said;
“We’re excited to partner with Utkarsh Small Finance Bank and extend our investment and trading solutions to its customers. Through our technology-led platforms, research capabilities, and comprehensive product suite, we aim to make investing simpler, intuitive, and more accessible. We look forward to a long-term partnership that delivers meaningful value to customers.”
Utkarsh SFBL continues to focus on serving underserved and unserved segments while offering products such as micro-banking loans (JLG loans), MSME loans, housing loans, and loans against property. The Bank also provides a convenient digital onboarding facility through its tablet-based assisted model, ‘Digi On-Boarding’, allowing customers to open accounts without visiting a branch.
