Karnataka Bank has entered into a distribution agreement to sell mutual fund products of HDFC Capital Asset Management (HDFC AML). The Bank through its 769 branches will provide an opportunity to the customers to invest in a strong brand like HDFC Mutual Fund.
The Bank has also entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC) on May 22, 2017 for selling life insurance products of LIC.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
