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Article: Reliance Money ties up with co-op bank for money transfer srvc.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- October 10, 2007
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Reliance Money ties up with co-op bank for money transfer srvc
Mumbai, Oct 10 (PTI) Anil Ambani Group firm Reliance Money today announced a strategic tie-up with Hyderabad-based AP Mahesh Co-Op Urban Bank for offering money transfer services.
The company, the broking and distribution arm of Reliance Capital, is the first to offer money transfer services through a urban co-operative bank, a company statement said.
As per RBI regulations, released in July this year, only select urban cooperative banks are allowed to offer money transfer service in collaboration with the private sector.
As per the agreement AP Mahesh Bank would be a ...