Date:04/03/2008 URL: http://www.thehindubusinessline.com/2008/03/04/stories/2008030451670600.htm

Oriental Bank in tie-up with Kotak MF

Our Bureau

Mumbai, March 3 Kotak Mahindra Asset Management Company has entered into a tie-up with Oriental Bank of Commerce for the distribution of its mutual funds through the bank’s branches across the country.

Under a memorandum of Understanding, OBC will offer the entire bouquet of Kotak Mutual Fund’s products in its branches across India. “Our tie-up will reinforce our commitment to expand retail participation and with this tie-up customers will gain easy access to the various schemes of Kotak Mahindra AMC at the branches where they do their banking transactions”, said Mr Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra Asset management Company.

“OBC through its well spread network of branches in metro, urban, semi-urban and rural centres can reach various segments of customers and familiarize the new investments opportunities”, said Mr Alok K Misra, Chairman and Managing Director, Oriental Bank of Commerce.