Unoon Protest Against Merger of BoB, Dena & Andhra Banks

Mumbai, Nov 16 (PTI): Over 400 bank employees protested gainst the amalgamation of three banks outside the Bank of Bardroda's corporate office in suburban BKC on Friday.

The government is planning to merge the lender with Andhra Bank and Dena Bank to create one of the largest lenders in the country. ********* BSE offers incentives to retail investors of G-secs, T-bills

Mumbai: To encourage wider participation from retail investors, the BSE will launch incentive scheme for trading members in non-competitive bidding of government securities and treasury bills from November 19.

The scheme would be launched initially for six months and would be based on the total value collected and number of unique clients introduced by trading members in a month, the BSE said Friday.

The BSE had launched non-competitive bidding in G-sec and T-bills from April 24 after taking necessary approvals from Sebi and RBI for collecting bids from retail investors. ****** IIFL Wealth to distribute Amex platinum cards

Mumbai: Wealth management firm IIFL Wealth Management Friday partnered with the world's largest card issuer by purchase volume American Express to distribute the latter's platinum cards to meet the needs of its high networth clients.

IIFL Wealth is the investment and financial advisor to over 12,000 influential families in the HNI and ultra-HNI segments, aggregating to over Rs 1.4 trillion of assets under advice, distribution and custody.

The metal charge card will be offered on invite-only basis by IIFL Wealth to its client-base, the company said.

The wealth management firm will promote the premium offering that features both companies' logos, to clients in Mumbai and New Delhi.

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