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Kochi, March 3 IDBI Bank has launched Portfolio Investment Scheme services in Kochi that would enable NRIs and persons of Indian origin to invest in secondary capital market. More than 40 brokers in Kerala and other parts of the country along with NRIs attended the conference. Mr C.S. Jain, Head, Personnel Banking Group, IDBI Bank Ltd, said that launch of PIS services complemented the existing bouquet of products/services being offered by the bank to its NRI clientele. Mr Debashish Mallick, Chief General Manager, said that the bank is offering the product to NRIs/PIOs both online and offline mode where they can invest either on repatriation or non-repatriation basis. Mr Jorty Chacko, Regional Head (South), was present.
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