BNK Capital Markets Limited
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BSE Code:
500069
NSE Code:
BNKCAP
Business Profile
Business Profile
BNK Capital Markets (BNKCAP) is a non-banking finance company. It was incorporated on Apr. 17, 1986 and got its current name in 1994.
The company is engaged in investment banking distribution services, corporate finance and advisory services, trading in securities, leasing, loan syndication, bill discounting syndication, mobilization of fixed deposits and investment banking. It is a member of the National Multi Commodity Exchange of India. The company has a web-based investment boutique, an integrated investment portal.
To provide services to foreign institutional investors in India and for marketing Indian securities and derivatives in overseas markets, the company signed a memorandum of understanding with a London-based brokerage house. It is registered as a Category 1 merchant banker with Securities and Exchange Board of India. The company has planned to open offices in Rajasthan to provide integrated financial services and will do so in other cities and abroad.
Subsidiaries include BNKe Solutions, which has BPO operations running at a capacity of over 550 seats and is planned to increase to 1,000 seats in the near future; BNK Commodities a member of NCDEX (National Commodities and Derivatives Exchange of India) & MCX (Multi Commodity Exchange of India); BNK Comdex DMCC, a company registered in UAE and is a member of DGCX (Dubai Gold & Commodities Exchange).
The registered office of the company is located at Mayfair Towers 2, Palm Avenue, Kolkata-700019, West Bengal.
Financials
BNK Capital Markets registered a profit of Rs 14.45 million for the quarter ended September 2007.
It recorded a net sales of Rs 16.38 million for the quarter. Total income was Rs 17.84 million for the quarter ended September 2007.