The Hindu Business Line : UTI MF in tie- up with Central Bank

UTI Mutual Fund and Central Bank of India have entered into a tie-up for distribution of UTI Mutual Fund schemes.Under the agreement, Central Bank of India will distribute the entire bouquet of UTI MF's schemes across the bank's selected branches. Mr U.K. Sinha, Chairman and Managing Director, UTI AMC, said: "This initiative endorses UTI MF's strategy to expand and value add its access network."Ms H.A. Daruwalla, Chairman and Managing Director, Central Bank of India, said: "Our agreement with UTI MF is a part of the bank's strategy to increase exposure in `off balance sheet' activities and making available a variety of products to customers under one roof which is becoming indispensable for present day bankers."

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