The Central Bank of India has entered into a strategic arrangement with the stockbroking and wealth management firm Angel Broking in a deal intended to bolster the client base of both across the country.

In a statement, the Central Bank said that the central theme of the transaction is to simplify financial management for CBI customers by allowing them to trade online and manage all accounts with a single online interface. A key element of the deal is that it opens up Angel Broking's online trading services platform to the bank's clints.

CBI clients have the choice of selecting online trading, mobile trading, or a dealing facility through the phone. The customer can then opt for one or more of the following segments: equities, futures and options, exchange traded currency derivatives, and commodities, on a single platform. It also allows access to multiple exchanges.

Angel Broking specialises in the financial affairs of high net worth individuals and has 175 branches, 20 regional hubs and over 8,200 sub brokers all over India.