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Kotak Mahindra signs MoU with Oriental Bank of Commerce |
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Written by News watch
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Tuesday, 11 March 2008 |
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Kotak Mahindra Asset Management Company entered into a distribution tie-up with Oriental Bank of Commerce (OBC). Under the agreement, OBC will offer the entire bouquet of Kotak Mutual Fund's products across the bank's branches. Mr. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra AMC and Mr. Alok Kumar Misra, Chairman and Managing Director, OBC signed the MOU. This tie-up between the two large players in their respective fields will be mutually rewarding. OBC can leverage its unmatched branch network and customer base to cross sell a range of mutual fund products and thus open up a new revenue stream. For Kotak Mahindra AMC, the tie up will enable it to tap into OBC's huge network and customer base.
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