Union Bank of India has signed a distribution agreement with LIC Mutual Fund for their Mutual Fund products to be distributed through Union Bank branches. The agreement was signed in the presence of Shri T.S.Ramakrishnan, MD & CEO of LIC Mutual Fund, by Shri Sanjay Narayan, General Manager of Union Bank of India, and Shri Nityanand Prabhu, Executive Director & Business Head of LIC Mutual Fund.
Union Bank of India has been performing well in third-party income and is collaborating closely with Insurance and Mutual Fund partners to provide niche products to their customers.
Speaking on the occasion, Shri Sanjay Narayan, GM, Union Bank of India, stated, “At Union Bank of India, we have always strived to provide the best products to our customers.” We are pleased to announce our collaboration with LIC Mutual Fund, which will benefit our customers, particularly those in rural and semi-urban areas.” “We are delighted to partner with Union Bank of India to offer our mutual fund products,” said Shri T.S.Ramakrishnan, MD & CEO of LIC Mutual Fund. The extensive reach of Union Bank and LIC MF across the country, particularly in rural and semi-urban areas, will allow us to reach a larger diaspora of investors.”
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