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| About Us |
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PROMOTERS/ACTIVITY
The Company, a Subsidiary of Canara Bank was incorporated and
accredited as a Primary Dealer PD in 1996 in the name of ‘Gilt
Securities Trading Corporation Limited. GSTCL’ with a paid-up
capital of Rs.100 Crores.
The Primary Dealer activity of the Company was taken over by the
parent Bank in February, 2007 and the Company is focusing on
capital market related activities mainly into equity broking and
distribution of Financial Products.
The name of the Company has been changed as ‘Canara Bank
Securities Ltd. CBSL’ in 2009.
The On Line Trading OLT in Equity and FNO is a product added
by CBSL to Financial Super Market of Canara Bank. This
facilitates seamless trading in stock market by investor clients
of the Bank at their comfort and convenience.
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PRINCIPAL OBJECTIVES
To provide a viable and efficient institutional platform for
competitive trading in equities.
To develop a Retail Equity
market with broader investor base by offering enhanced trading
facility to the equity instruments and hassle-free & speedy
service using state of the art technology in the market.
To
create an active secondary market for Equities, assure prompt
settlement, Liquidity to the instrument and transparency in
dealing.
To provide Trading Convenience by way of
- Efficient and Speedy On-Line Service
- Prompt Settlement
- Transparency in operation
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ORGANIZATIONAL SETUP
As per SEBI guidelines the Company has functional separation
for.
- Trading Front Office
- Settlement accounting and Reconciliation Back Office and
Accounting and
- Monitoring and Control Middle Office
Similarly, there is a separation of transactions relating to
Proprietary trades, Institutional accounts and Constituents’
accounts.
The Company is Board managed. Day to day affairs are overseen by
the Managing Director, assisted by the executives heading the
departments and supported by competent and experienced staff,
who are on deputation from Canara Bank.
BOARD OF DIRECTORS
Shri S Raman, Chairman
Chairman and Managing Director of Canara Bank |
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Smt Archana S Bhargava, Vice Chairperson
Executive Director of Canara Bank |
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Shri S Santhanam, Director
General Manager of Canara Bank |
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Shri K S Balachandra Rao, Director
General Manager of Canara Bank |
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Shri S Shabbeer Pasha, Director
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Shri Umesh Nath Kapur, Director
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Managing Director: Shri D Kallurao
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BANKERS TO THE COMPANY
Canara Bank
AUDITORS TO THE COMPANY
1. Pramod & Associates
2. B Y & Associates |
PRINCIPAL EXECUTIVES
Shri D Kallurao Managing Director
Shri N S Rao General Manager
Shri P V K S N Venugopal General Manager
COMPANY SECRETARY
Shri S Rajakumaran |
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