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Wednesday, Jul 26, 2006

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SIB to vend Reliance MF products

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Kochi, July 25

South Indian Bank has signed an MoU for the distribution of all the products of Reliance Mutual Fund. Under the agreement, South Indian Bank will distribute the entire range of Reliance Mutual Fund schemes, initially through itsselected 200 branches and later through the entire branch network, a press release has said. This strategic tie-up is expected to increase Reliance Mutual Fund's retail footprint in the country. The initiative is also expected to benefit both the organisations in their respective growth strategies. Dr V.A. Joseph, Chairman and CEO of South Indian Bank said, in the marketing area, we will be achieving customer exuberance by providing all financial products through our branch outlets."

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