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Karnataka Bank inks distribution agreement with HDFC AML

23 May 2017 Evaluate

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.


Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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