Public sector lender, Central Bank of India has tied up with L&T Mutual Fund so as to widen its penetration in the mutual fund domain.
Speaking on the occasion, Mr. Sanjay Sinha, Chief Executive Officer, L&T Invest Management Ltd. said, "With this tie up, L&T Mutual Funds schemes will be available at all 3600 retail branch locations of Central Bank of India. This partnership will substantially strengthen our distribution network."
Central Bank of India recently celebrated the completion of 100 years (21 dec) in the banking industry.
The bank currently has a branch network of 3600 spread across 27 states of the country and 4 union territories. It is considered as one of the prominent names amongst public sector banks of the country.