The Hindu Business Line : TMB to distribute UTI MF products

MADURAI: The Tuticorin-based Tamilnad Mercantile Bank (TMB) has entered into a memorandum of understanding with UTI Asset Management Company for the distribution of the entire range of UTI Mutual Fund products, as part of its strategy to diversify into new areas to cater to the needs of varied investors.

TMB had also tied up with Prudential ICICI Mutual Fund.Initially, the bank has designated 75 major branches for distribution of the mutual fund products, according to a TMB release.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Be innovative on farm credit' — As rural income rises, so does credit need, says Rakesh Mohan

Rupee in range; bonds recover

ICICI Pru Life asset base at over Rs 5,000 cr

S&P leaves Indian bank ratings unchanged — `Fiscal position of Govt not strong'

Kotak Mahindra to issue 1.5 cr shares

UTI opens two outlets at Warangal and Nizamabad

TMB to distribute UTI MF products

91-day paper undersubscribed

Central Bank of India merges three RRBs in Maharashtra

Andhra Bank to offer 8.5 crore shares to public

AP Mahesh co-op bank to focus on advances