Wall Street Finance has inducted Sudip Bandyopadhyay, Director and CEO of Reliance Money, S P Talwar, Retired Deputy Governor of the Reserve Bank of India and Rajnikant Patel, Ex-Executive Director and CEO of Bombay Stock Exchange on its board as directors.
Reliance Money Express (RME), an Anil Dhirubhai Ambani Group company, has gained control of Wall Street Finance last week.
Wall Street Finance on also reported over two-fold jump in net profit at Rs 24.67 lakh for the quarter ended September 30. The company had a net profit of Rs 9.73 lakhs in the same period a year ago, the foreign exchange and money remittance services provider said in a statement.
“We are very pleased with this strategic tie-up with Reliance Money Express. We strongly believe that this tie-up will help us build on synergies and propel our recently launched Investment Services further,” Wall Street Finance Vice-Chairman, Areef Patel said.
Bandyopadhyay, the newly inducted Director of Wall Street Finance said, “I am pleased to join the Wall Street Finance Board. We are confident that this association will capitalise on the strength of both Reliance Money Express and Wall Street Finance, paving the way for a new chapter in the financial services sector in the country”.
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