Nationalised unit Syndicate Bank has tied-up with IDBI Asset Management Ltd for distribution of their mutual fund products, to provide customers a wide range of investment options, other than the regular banking products.
The MoU in this connection were exchanged by Syndicate Bank Chairman and Managing Director M.G. Sanghvi and Debasish Mallick, MD & CEO, IDBI Asset Management Ltd.
Sanghvi said, "This tie-up with the Asset Management Companies is one such initiative to provide customers a wider range of investment options, other than the regular banking products. This would enable the Syndicate Bank branches to operate as a financial super market."
Mallick said: "IDBI Mutual Fund is continuously exploring opportunities to reach our products to the common man. Syndicate Bank with its large network of branches pan-India is a strong partner to help us achieve our objective."