Karnataka Bank inks distribution pact with Birla Sun Life AMC

Posted on:01 Oct 2016 09:22:31

Karnataka Bank inks distribution pact with Birla Sun Life AMC
01 October 2016 Current Affairs GK: Karnataka Bank Ltd has inked a memorandum of understanding with Birla Sun Life Asset Management Company for distribution of mutual fund products.

LIC Mutual Fund Asset Management Company has also tied up with Karnataka Bank for distribution of its mutual fund products. The distribution will be through over 730 branches of the bank across India.

The tie-up would be a forward looking step for the bank to provide a complete financial solution for customers and increase the option for customers to choose from a bouquet of financial solutions.

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