Kotak Extends Brokerage-free Intraday Trade to All Segments
: Brokerage Kotak Securities has extended its brokerage-free intra-day offer to across cash and futures and options (F&O) segments with a view to double its customer base over the next 18 months to 3 million.
Mumbai, May 2 (PTI): Brokerage Kotak Securities has extended its brokerage-free intra-day offer to across cash and futures and options (F&O) segments with a view to double its customer base over the next 18 months to 3 million.
"We have launched the 'Free Intraday Trading' across cash, future and F&O segments at an annual subscription of Rs 999. With this we hope to double our customer base to 3 million over the next 18 months period and help secondary market volumes to grow exponentially," Kotak Securities CEO Kamlesh Rao told reporters here today.
It processes over 6,00,000 secondary market trades every day. Its also looking at taking advantage of rising average daily turnover whcih has been on the ris in the past few years. The average daily turnover in cash segment has grown 31 per cent CAGR from Rs 12,271 crore in FY14 to Rs 36,688 crore in FY18.
Similarly, the average daily turnover in derivatives segments also grew by 55 per cent from Rs 1,07,391 crore in FY14 to Rs 6,16,642 crore in FY18, he said. ********* Bajaj Allianz delpoys robot to screen job-seekers
Bajaj Allianz General Insurance has introduced its first virtual employee, Eve, who will represent its automated talent acquisition portal Tal.Port and will screen its future employees.
Tal.Port is an end-to-end automated talent acquisition platform and uses robotic 'video interviews" for job seekers, the company said in a statement today. The video interviews will capture candidate's aptitude and behavioural aspects along with the essential technical skills.
"With this industry first HR move, candidates will just have to apply on Tal.Port for the relevant position and irrespective of their current location, they can appear for video interviews through their smartphones," the company said. It has also launched an HR Assistant chatbot called Buddy, who will assist the employees to resolve their HR related queries and applications at a single click. *********** ICICI Lombard get British Standard Institution certification
Private insurer ICICI Lombard General Insurance has said it has been certified by the British Standard Institution for its compliance with enterprise risk management guidelines.
The largest private sector non-life insurer said the certification is its compliance with the revised ISO 31000:2018 enterprise risk management guidelines released in February 2018.
"This is a testimony to our efforts of having adopted the best in class risk management practices to offer significant value to our customers on the risk management and mitigation front," the company said. *********** Ex-StanC, BNP exe Narayanan joins Singhi Advisors as partners
Sriram Narayanan, a banker with a diversified and illustrious career with Standard Chartered Bank and BNP Paribas, has joined investment banking firm Singhi Advisors as a partner, the i-banker said.
He will help the i-banker to enter the emerging opportunities in the financial services sector apart from strengthening its capabilities in corporate finance, funding in special situations and M&As across varied sectors.
Prior to joining Singhi, he was heading the client coverage & debt financing group for FirstRand Bank India. He also worked as director for structured trade at BNP Paribas, and a director at Standard Chartered Bengaluru.
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