Date:29/09/2005 URL: http://www.thehindubusinessline.com/2005/09/29/stories/2005092901720600.htm

Back TMB to distribute UTI MF products

Our Correspondent

MADURAI: The Tuticorin-based Tamilnad Mercantile Bank (TMB) has entered into a memorandum of understanding with UTI Asset Management Company for the distribution of the entire range of UTI Mutual Fund products, as part of its strategy to diversify into new areas to cater to the needs of varied investors.

TMB had also tied up with Prudential ICICI Mutual Fund.Initially, the bank has designated 75 major branches for distribution of the mutual fund products, according to a TMB release.