Image Source: BW BusinessWorld
Public sector lender Central Bank of India has partnered with Bandhan Mutual Fund’s asset management arm to distribute its mutual fund products across the bank’s branches. The collaboration aims to expand retail access to investment solutions and strengthen both institutions’ reach in India’s growing wealth management market.
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Central Bank of India announced a strategic tie-up with Bandhan AMC Ltd to offer mutual fund investment options through its extensive branch network. The alliance enables the bank to diversify its product basket while helping Bandhan AMC tap into a wider customer base, particularly in semi-urban and rural areas.
Key Highlights:
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The partnership covers distribution of Bandhan Mutual Fund schemes through Central Bank of India’s physical and digital platforms.
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It will focus on retail investors, offering convenient access to diverse mutual fund portfolios.
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The collaboration supports the government’s vision of deepening financial inclusion and promoting formal investments.
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Bandhan AMC aims to leverage the bank’s pan-India presence to expand its investor footprint beyond metros.
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This alliance reflects the growing trend of banks aligning with AMCs to boost fee-based income and offer holistic financial solutions to customers.
Source: Company release on stock exchanges; Press communication from Central Bank of India and Bandhan AMC.
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