Thursday, August 14, 2008

UBI to sell SBI mutual fund products

United Bank of India (UBI) will be selling SBI mutual fund products through its branches. An agreement was signed between SBI Funds Management Pvt Ltd and UBI.

SBI Funds Management Pvt Ltd has tied up with United Bank of India (UBI) for selling mutual fund products through UBI branches.

Achal Kumar Gupta, Managing Director, SBI Mutual Fund said, tie-up with UBI is significant as the bank’s network of branches across the country will be utilized for selling mutual funds products. “Distribution and reach coupled with superior fund performance and efficient customer service hold the key to achieving success,” he said.

P K Gupta, CMD, United Bank of India, said, “The partnership with SBI Mutual Fund will enable us to offer more quality products to our customers.” He added customers will be benefited with this new arrangement.

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