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Wednesday, February 13, 2013

Karnataka Bank to sell Reliance Cap MF products

Karnataka Bank has entered into distribution agreement to sell mutual fund products of Reliance Capital Asset Management Ltd.

A bank release said here on Tuesday that these products will be sold through the branches of the bank. The exchange of agreements took place in the presence of P. Jayarama Bhat, Managing Director of Karnataka Bank, and Himanshu Vyapak, Deputy Chief Executive Officer of Reliance Capital Asset Management Company Ltd, in Mangalore on Tuesday.

Quoting Bhat, the release said that the tie-up is an initiative to provide customers a wider range of investment options other than the regular banking products.

Source: thehindubusinessline


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