|
Sep 14, 2012, 06.27 PM IST
Reliance Mutual Fund has entered into a distribution tie-up with Indian Overseas Bank (IOB) to distribute MF products.
As per the agreement, IOB will sell Reliance MF products through its 2,689 branches. "This agreement would help us expand our customer base, especially in tier II and III cities, leveraging on the wide network of the bank," Reliance Capital Asset Management chief executive Sundeep Sikka said adding this tie-up will help the company reach around 24 million customers of IOB. Referring to the distribution tie-up, IOB chairman and managing director, M Narendra, said, "This would enable the bank to operate as a financial super market and help in strengthening the relationship of the existing and potential customer base, providing an opportunity to cross-sell." Reliance MF manages around Rs 140,000 crore across MFs, government, government-sponsored public funds, managed accounts and hedge funds.
|
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
