Yes Bank will act as a market maker for the dollar-rupee pair for corporates having subscription to Reuters terminal, while other small corporates or individuals can avail online forex trading in any currency pair through the bank’s website, Bank Group President Financial Markets Ajay Mahajan told reporters. In the last two years, Yes Bank has acquired more than 500 customers and it would make efforts to increase its customers through the offer, Mahajan said. Reuters South Asia Managing Director Samir Shah said that a recent Corporate Treasury survey carried out in India found that there was a high demand for electronic forex trading. Yes Bank is the first private sector bank to go ‘live’ in RTFX, which currently has Union Bank of India and Standard Chartered as the other two market makers. Copyright © 2007 Times Internet Limited. read more
[Tags]bank, corporates, customers, forex, india, mahajan, forex news[/Tags]
Speak Your Mind