Financial Daily from THE HINDU group of publications
Friday, Jan 27, 2006
Financial Daily from THE HINDU group of publications Friday, Jan 27, 2006 |
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Money & Banking
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Private Banks Markets - Mutual Funds Bank of Rajasthan to distribute Principal PNB's MF products Our Bureau
Mumbai , Jan 26 PRINCIPAL PNB Asset Management Company Pvt Ltd and Bank of Rajasthan have announced a stie-up for the distribution of Principal's Mutual Fund's schemes through the bank's network of branches. According to the agreement, Bank of Rajasthan will offer the entire range of Principal's mutual fund offerings at the bank's select branches. This initiative will reflect Principal PNB's growth strategy in the Indian mutual fund sector, a press release here said. Announcing the partnership with Bank of Rajasthan, Mr Sanjay Sachdev, CEO and Managing Director, Principal PNB AMC, said, "Today banks provide the largest distribution channel for financial investment solutions, including mutual fund. This partnership with Bank of Rajasthan will make our investment services more accessible to retail investors." Mr B.M. Sharma, Managing Director, Bank of Rajasthan, said the bank was constantly looking at ways to reinvent and grow in order to maximize benefits for its customers.
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