Karnataka Bank Ltd has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management Ltd (HDFCAML) during exchanged the memorandum of understanding in Mangaluru, Karnataka.
Investment in mutual funds will provide an opportunity to those customers who are uncomfortable about investing directly in stock markets as this tie-up will give HDFCAML an opportunity to expand its base in these centers.
Static Takeaways for SBI PO Mains Exam-
- CEO of Karnataka Bank is Mahabaleshwara MS and its headquarter is in Mangaluru, Karnataka
- MD of HDFC Bank is Aditya Puri.
Source- The Economic Times