ICICI Prudential Mutual Fund has tied up with Syndicate Bank for the sale and distribution of its mutual fund schemes. The State-owned bank has a large network of 2,709 branches.
“Branches can now cater to the needs of its customers by offering various mutual fund schemes and help in strengthening the existing relationship with the bank’s clientele and provide an opportunity to cross-sell. This would also help in augmenting fee-based income for the bank,” said M. Anjaneya Prasad, Executive Director of Syndicate Bank.