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UTI Mutual Fund ties up with Syndicate Bank for sale, distribution of mutual fund schemes
SME News, Friday, Sep 21, 2012 18:02:43 PM IST
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MUMBAI: UTI Mutual Fund has announced its partnership with Syndicate Bank for the sale and distribution of mutual fund schemes.
Presently, Syndicate Bank has a network of 2,713 branches spread across India.
MG Sanghvi, chairman and managing director, Syndicate Bank, said, “The bank, of late has taken a lot of initiatives to augment its fee-based income, and distribution of mutual fund products is one such step in that direction.”
In this regard, an memorandum of understanding (MoU) was signed by Imtaiyazur Rahman, acting CEO, UTI Asset Management Company Ltd, and MG Sanghvi, chairman and managing director, Syndicate Bank.
