Religare Securities (RSL), a wholly owned subsidiary of Religare Enterprises  (REL), India's leading diversified financial services company, and South Indian Bank, one of the leading private sector Banks in South India, have entered into a strategic tie-up to offer RSL's online trading platform to the Bank's customers. This will form part of a convenient 3 in 1 account for the bank's customers (savings account, demat account & trading account).

Commenting on the tie-up, Basab Mitra, chief executive officer, Religare Securities said, ''We  are  pleased  to  announce  a  strategic alliance with the South Indian Bank which will further boost  our strategy  to increase pan‐India presence  and reach out to a wider audience. The tie‐up also gives us an opportunity to provide a one stop shop solution to all the customers of South Indian Bank, beginning with an online trading platform and later offering the entire gamut of products and services from the Religare portfolio.''
 
V.G.Mathew, executive vice president, South Indian Bank said, ''Our partnership with Religare speaks of our commitment to provide the whole range of financial products to our valuable customers under one roof. This alliance will enable us to expand our bouquet of capital market related facilities for our customers.''

Shares of the South Indian Bank gained Rs 0.5, or 1.82%, to settle at Rs 27.95. The total volume of shares traded was 462,350 at the BSE (Thursday).