The Karnataka Bank has signed a Memorandum of Understanding (MoU) with Birla Sun Life Asset Management company for distribution of mutual fund products in Mangaluru.
Karnataka Bank Managing Director P Jayarama Bhat said the bank was committed to become a ‘one-stop financial super market’ for its customers, a bank release said here.
The bank was seeking to expand its scope under distribution of mutual fund business by joining hands with Birla Sun Life MF, one of the leading mutual fund companies in the country, he said. With its branches across the country, the bank will try to provide its customers by giving them a chance to choose from the various funds of Birla Sun Life MF, Bhat said.
Sourabh Arora, Vice-President and head of Alternate Channel Business Development of Birla Sun Life Mutual Fund, said that his company was committed to customer service and ready to provide all the help that was required in marketing of mutual fund plans through the branches of the bank.
The MoU was signed on September 27 in the presence of the bank’s Chief General Manager M S Mahabaleshwara, General Managers Meera Aranha, Raghurama, and M Raghavendra Bhat, the release said.
Karnataka Bank signs MoU with Birla Sun Life
