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Money & Banking - Alliances & Joint Ventures
Sundaram BNP Paribas, Central Bank tie up

Our Bureau

Mumbai, March 28 Sundaram BNP Paribas Mutual has tied up with Central Bank of India to form a strategic distribution alliance.

Under the MoU signed by them, Central Bank of India will distribute the entire bouquet of Sundaram BNP Paribas Mutual’s schemes across its branches and extension counters, across the major cities in the country.

“This is a strategic tie-up as Central Bank of India with its strong branch network and vast customer base will enhance Sundaram BNP Paribas Mutual’s products reach,” said Mr T.P. Raman, Managing Director, Sundaram BNP Paribas Mutual.

“For us this tie-up will open up further opportunities to provide our vast client base with a wider choice of products to meet their diverse financial needs and also give a boost to banks’ fee-based income,” said Ms H.A. Daruwalla, Chief Managing Director, Central Bank of India.

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