Friday, February 13, 2009

Reliance Money targeting 10 mln customers, more rural outlets

NEW DELHI, Feb 13, 2009 -- RELIANCE MONEY, India's leading financial products distribution firm, is aiming to cross the 10 million customers mark by the end of next fiscal, with over 30 per cent of new clients expected from semi-urban and rural areas. "We are targeting to cross the 10 million customers mark by the end of next fiscal. Out of this, 2-3 million are likely to come from the semi-urban and rural areas which have seen 100 per cent growth in the past year," Reliance Money CEO and director Sudip Bandhyopadhyay said.

* Further, the Anil Ambani group firm, which currently has over 10,000 outlets in over 5,000 locations across the country, is planning to double the number of outlets during the next fiscal.

* Reliance Money provides customers access to equities, equity options and commodities futures, wealth management, portfolio management services, mutual funds, IPOs, life and general insurance products, credit cards, money transfer, currency exchange and gold coins.

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