Business Daily from THE HINDU group of publications
Wednesday, Oct 17, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 17, 2007 ePaper |
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Money & Banking
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Private Banks Markets - Asset Management Companies Marketing - Channels and Franchises Our Bureau Kochi, Oct. 16 South Indian Bank and HSBC Asset Management Company have entered into an agreement for the distribution of the entire bouquet of HSBC Mutual Fund products through all the 485 core banking branches of the bank, spread over 23 States and Union Territories. The agreement was signed and exchanged between the bank Chairman, Dr V.A. Joseph, and the Chief Executive Officer of HSBC, AMC, Mr Sanjay Prakash. The unique feature about the scheme is that rural customers would not be losing through cheque/DD collection charges when investing in HSBC Mutual Fund products, Dr Joseph said. While investors in the urban bank branches have clearing membership and are given free banking facilities for investing in mutual funds, their rural counterparts were denied the same. HSBC AMC would provide the bank’s clients with consistently strong investment performance, efficient service and a flexible product range to meet the individual investment requirements, Dr Joseph said. More Stories on : Private Banks | Asset Management Companies | Channels and Franchises
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