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SBI MF, Karur Vysya formalise partnership.

Global Banking News-2 September 2008-SBI MF, Karur Vysya formalise partnership(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 02 September 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

SBI Mutual Funds, a joint venture between India's largest bank State Bank of India (SBI) (SBIN.NS) (500112.BO) and France's Societe Generale Asset Management (SocGen) (SOGN.PA) (OTC: SCGLY), has entered into a partnership with Tamil Nadu-based private sector bank Karur Vysya Bank (590003.BO) (KARURVYSYA.NS) for offering mutual fund investment products.

'The customers of Karur Vysya Bank will now be offered mutual fund investment products from one of the top performing fund houses of the country-SBI Mutual Fund. The tie-up will be beneficial to investors in Tamil Nadu, as also to tap the markets of Chennai and Coimbatore,' according to a statement.

'The tie-up with Karur Vysya Bank is a part of our effort to expand our reach to semi-urban and rural investors. Our quality products will now be available to the investors of Karur Vysya Bank across the country,' said SBI MF's managing director, Achal Kumar Gupta.

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Publication:Global Banking News (GBN)
Date:Sep 2, 2008
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