The initiative is aimed at providing customers a single platform for both banking and investing. Through the partnership, users can access multiple channels—including branch services, Internet Banking, Mobile Banking, and assisted services—for seamless account management.
Axis Securities will provide its technology-led trading platforms, research insights, and flexible brokerage plans to support customer investment needs. The collaboration is intended to simplify investing and expand access to financial tools and products.
Govind Singh, Managing Director & CEO of Utkarsh SFBL, said the partnership strengthens the bank’s service offerings, enabling customers to invest and build wealth through a unified platform. Pranav Haridasan, MD & CEO of Axis Securities, added that the partnership aims to make investing “simpler, intuitive, and more accessible” for Utkarsh customers.
Utkarsh SFBL focuses on serving underserved and unserved segments and offers a range of products, including micro-banking loans, MSME loans, housing loans, and loans against property. The bank also supports digital account opening through its tablet-based assisted model, ‘Digi On-Boarding’.