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Mangalore, July 4

Karnataka Bank Ltd has entered into a pact with ICICI Prudential Asset Management Company for distribution of the latter’s mutual fund products. A bank release said here that the memorandum of understanding was exchanged between Mr Ananthakrishna, Chairman and Chief Executive Officer of Karnataka Bank Ltd, and Mr Nimesh Shah, Managing Director and Chief Executive Officer of ICICI Prudential, in Mangalore on Friday. The bank has already been distributing the mutual fu nd products of Franklin Templeton Asset Management (India) Ltd and TATA Mutual Fund, the release added. —

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