Religare Enterprises Ltd - Religare strengthens its “Bancinvest” Channel Adds Karur Vysya Bank to its kitty

New Delhi, December 12, 2008: Religare, an chip banking casework provider, and Karur Vysya Bank today appear their cardinal amalgamation alms Religare’s disinterestedness trading casework to the Bank’s customers. This will eventually be followed by a roll-out of the absolute spectrum of Religare’s casework to the Bank’s customers. The affiliation is a footfall advanced to added strengthen the “Bancinvest” Channel created by Religare, which already includes tie-ups with IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank, Bank of Rajasthan, etc.

This new accord is in band with Religare’s action of accretion its ability and assimilation above the country. This aswell facilitates the conception of new business opportunities and seamless chump centricity by leveraging the amount competencies of both the organisations. Both organisations will plan carefully and advantage anniversary other’s strengths to eventually ensure “customer delight”.

The disinterestedness trading account will be allotment of value-added alms for the Bank’s accumulation anniversary customers. Religare will map its own annex arrangement with the net plan of the Bank to account the audience of the Bank. Pre-trading anniversary aperture action will be done at case annex and post-trading anniversary aperture the audience will be served by Religare appointed branches.

Mr. Sunil Godhwani, CEO & MD, Religare Enterprises Ltd., said, “Religare’s amalgamation with Karur Vysya Bank is in band with our action of a pan-India penetration. This accord with the case will acquiesce its barter to seamlessly assassinate their disinterestedness affairs bigger to best clothing their needs and demands.”

Mr P.T. Kuppuswamy, MD & CEO Karur Vysya Bank said, “KVB is a one stop boutique banking bazaar that offers the absolute ambit of banking solutions to its customers. Under parabanking activities, our barter get the conveniences of Bancassurance, demat accounts and advance in alternate funds. This adjustment with Religare will accommodate the three in one ability of demat account, case anniversary and trading anniversary to our customers.”

About Karur Vysya Bank
Karur Vysya Bank was started in the year 1916 in Karur, again a baby bolt boondocks with a all-inclusive agronomical background, by two illustrious sons of the clay – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. What started as a adventure with a berry basic of Rs. 1.00 lakh has developed into a arch banking academy that offers assorted banking casework to millions of its barter beneath one roof.

The case has a annex arrangement of 288 and an ATM arrangement of 291. The case affairs to advance the annex arrangement to over 320 by the end of the banking year 2008-09.

KVB is one of the ancient banks in the country to accomplish abounding networking of its branches beneath Core Banking Solutions, alms casework through assorted accumulation channels.

www.kvb.co.in

About Religare Enterprises Limited
Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is one of the arch chip banking casework groups of India. REL's businesses are broadly clubbed above three key verticals, the Retail, Institutional and Wealth spectrums, accouterment to a assorted and advanced abject of clients.

The eyes is to body Religare as a globally trusted casting in the banking casework area and present it as the 'Investment Gateway of India'. All advisers of the accumulation guided by an accomplished and able administration aggregation are committed to accouterment banking care, backed by the amount ethics of activity and transparency.

REL offers a aggregation of investment options and a assorted boutonniere of banking casework with its pan India ability in added than 1550 locations above added than 460 cities and towns. REL aswell currently operates from 10 countries globally afterward its accretion of London's oldest allowance & investment firm, Hichens, Harrison & Co. plc.

With a appearance to expand, alter and acquaint offerings benchmarked adjoin all-around best practices, Religare aswell operates its Life Insurance and Asset administration businesses in affiliation with the all-around above – Aegon. For its abundance administration business Religare has partnered with Australia based banking casework major-Macquarie. Religare has aswell partnered with Vistaar Entertainment to barrage India's aboriginal SEBI accustomed Film Fund alms a different addition asset chic of investments.

www.religare.in

Religare - arch online allotment trading & banal broking aggregation of India, offers a ample and assorted boutonniere of casework alignment from article trading, disinterestedness trading, Personal Finance Services, Personal Financial Advisory Services, Institutional Broking services, investment banking, portfolio administration services, Corporate Finance and Loan adjoin Shares.

Subhrangshu Neogi
Head - Brand and Corporate Communications
Religare Enterprises Limited
subhrangshu.neogi@religare.in
M: 91 9910993925
Tel: 91 11 30815100 Extn.712

Sagarika Mamik Gupta
Manager, Corporate Communications
Religare Enterprises Limited
sagarika.mamikgupta@religare.in
M: 91 9910021712
Tel: 91 11 30815100 Extn. 465