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The Tuticorin-based Tamilnad Mercantile Bank (TMB) has signed an MoU with Birla Sun Life Mutual Fund (BSLMF) to market its mutual fund products through its branches.
Mr S. Selvan Rajadurai, General Manager, Business Development, HO, TMB, in a release to press, said the bank is committed to become a financial super market providing diverse financial products under one roof to customers. BSLMF will be benefited by the 231 bank branches, especially in Tamil Nadu, and reach across to pockets where it had no representatives.
Speaking on the occasion, Mr A. Balasubramanian, CEO, BSLMF, said the bank's extensive branch network and the fund's innovative solutions across asset classes, could deliver together great value to investors, the release added.
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