Networth Stock Broking Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has approved the appointment of Mr. Ajay Kumar Kayan, Mr. Utsav Parekh and Mr. Prem Rajani as Additional Directors of the Company with effect from June 24, 2008.
Networth Stock Broking Ltd. has signed a MOU with Punjab National Bank, the nation's second largest PSU Bank for an Online trading alliance.
The alliance entails Networth providing its online trading platform and expertise for e-broking services in Equities, Derivatives & online IPOs and Mutual Fund services to the customers of PNB.
This alliance complements the strengths of Networth and PNB. PNB, established in 1895, now with its very strong pan India and global presence renders the whole gamut of banking services viz. Personal & Corporate banking, Industrial, Agriculture & Trade Finance and International banking.
Networth will leverage its strong technology, research, innovative product and service support abilities to cater to the capital market "transaction execution" needs of PNB customers. This alliance will provide the PNB customer a wholesome financial market experience with the help of an end to end solution ranging from Banking to Investments.