July 12, 2011 / 21:19 IST
Public sector Indian bank has entered into an agreement with SBI Mutual Fund to sell its products.
The agreement was signed between SBI Mutual Fund and Indian Bank at a function held today, an Indian Bank statement said.
As per the agreement, Indian Bank's 1,850 branches would sell mutual fund products, it said. Besides SBI Mutual Fund products, Indian Bank would have access to products of UTI Mutual Fund and Reliance Mutual Fund, it said.
This tie-up is a step forward in the Bank's endeavour to become a financial super market besides contributing to the Non-interest income of the bank, Indian Bank CMD T M Bhasin said.
SBI Mutual Fund Deputy CEO Didier Turpins, National Head (Sales and Distribution) D P Singh, Indian Bank executives were present at the launch, the statement added.
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