Date:26/10/2005 URL: http://www.thehindubusinessline.com/2005/10/26/stories/2005102603070800.htm

Back LVB to distribute MF schemes of Prudential ICICI

Our Bureau

Coimbatore , Oct. 25

THE Karur-based Lakshmi Vilas Bank and Prudential ICICI Asset Management Company have reached an agreement for distribution of the latter's mutual fund schemes.

LVB would distribute the entire range of Prudential ICICI's mutual fund schemes to its customers across its network of 226 branches.

The LVB Chairman and CEO, Mr R. M. Nayak, said the bank contemplated similar tie-ups with other players in the coming days. It has, since commencement of such distribution activities in November last, managed to procure business worth Rs 61 crore.