Oriental Bank of Commerce ties up with UTI Mutual Fund

Oriental Bank of Commerce

Corporate Office, Gurgaon

                                    

Oriental Bank of Commerce ties up with UTI Mutual Fund

distributing its MF schemes

Oriental Bank of Commerce, a leading Public Sector Bank has today tied up with UTI Asset Management Company Ltd. (UTI AMC) for distribution of UTI MF schemes. Under the agreement, Oriental Bank of Commerce will offer the entire bouquet of UTI MF's schemes through its 1900 plus Branches Pan India.

UTI AMC is one of the largest mutual funds in India with investor accounts of more than 10 million under its 87 domestic schemes / plans as on September 30, 2012. UTI AMC reaches has wide distribution network, comprising 149 Financial Centers (UFCs), 410 Business Development Associates & Chief Advisors and over 43000 AMFI/NISM certified Independent Financial Advisors.

The MoU in this connection was signed by Shri Atul Gautam, General Manager (Marketing), Oriental Bank of Commerce and Shri Debashish Mohanty, Country Head - Retail, UTI AMC in the gracious presence of Shri S.L. Bansal, CMD – Oriental Bank of Commerce, Shri V. Kannan, ED - Oriental Bank of Commerce, Sh. Imtaiyazur Rahman, ACEO - UTI Asset Management Company Limited and other Top Executives of the Bank.

Speaking on the occasion Shri Bansal said that with the signing of this agreement with UTI AMC, the Bank has taken another major step forward to meet the diverse financial needs of its valued customers, all under one roof. This will also help in boosting the Non-Interest Income of the Bank.

Speaking on the occasion, Shri Rahman said that this tie-up will enable UTI AMC to offer comprehensive range of mutual fund products to a wider segment of the society. 18.25 million Customers of Oriental Bank of Commerce will get an opportunity to invest in our schemes at the branches where they do their banking transactions.

Place  : Gurgaon

Date    : 5^th December, 2012