Anil Ambani-led Reliance Capital’s unit Reliance Capital Asset Management (RCAM) has inked a distribution agreement with Ratnakar Bank whereby the private lender will focus on distribution of Reliance Mutual Fund schemes through its 115 branches across India.
This distribution tie-up will be beneficial to both as the asset management company will be able to tap the bank’s customer and the private lender will be able to earn fee based income.
Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services, distribution of financial products, investment banking, wealth management services, commercial finance, exchanges and other activities in financial services.
