Oriental Bank of Commerce ties up with UTI Mutual Fund
Oriental
Bank of Commerce
Corporate
Office, Gurgaon
Oriental
Bank of Commerce ties up with UTI Mutual Fund
distributing
its MF schemes
Oriental Bank of Commerce, a leading Public Sector Bank has today tied up with UTI Asset Management Company Ltd. (UTI AMC) for distribution of UTI MF schemes. Under
the agreement, Oriental Bank of Commerce will offer the entire bouquet of UTI
MF's schemes through its 1900 plus Branches Pan India.
UTI AMC is one of the
largest mutual funds in India with investor accounts of more than 10 million
under its 87 domestic schemes / plans as on September 30, 2012. UTI AMC reaches has wide distribution network,
comprising 149 Financial Centers (UFCs), 410 Business Development Associates
& Chief Advisors and over 43000 AMFI/NISM certified Independent Financial
Advisors.
The MoU in this connection was signed by Shri Atul
Gautam, General Manager (Marketing), Oriental Bank of Commerce and Shri Debashish
Mohanty, Country Head - Retail, UTI AMC in the gracious presence of Shri S.L.
Bansal, CMD – Oriental Bank of Commerce, Shri V. Kannan, ED - Oriental Bank of
Commerce, Sh. Imtaiyazur Rahman, ACEO - UTI Asset Management
Company Limited and other Top Executives of the Bank.
Speaking on the occasion Shri Bansal said that with the signing of this
agreement with UTI AMC, the Bank has taken another major step forward to meet
the diverse financial needs of its valued customers, all under one roof. This
will also help in boosting the Non-Interest Income of the Bank.
Speaking on the occasion, Shri Rahman said that this tie-up
will enable UTI AMC to offer comprehensive range of mutual fund products to a
wider segment of the society. 18.25 million Customers of Oriental Bank of
Commerce will get an opportunity to invest in our schemes at the branches where
they do their banking transactions.
Place : Gurgaon
Date : 5th December, 2012
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