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Central Bank of India Signs Mutual Fund Distribution Pact with SBI Funds Management
Partnership announcement: Central Bank of India has entered into a distribution agreement with SBI Funds Management Limited to offer its mutual fund products to the bank’s customers.
Agreement scope: Under the deal, Central Bank will distribute a range of SBI mutual funds, broadening investment options for its customers beyond traditional deposit products.
About SBI Funds Management: The asset management firm is a joint venture between State Bank of India and Amundi (France), established in 1987, servicing over 25 crore investor folios with assets under management of about ₹12.41 lakh crore (as of Dec 2025).
Strategic objective: The collaboration aims to enhance the bank’s wealth management offerings and enable investors to diversify their savings across multiple mutual fund schemes.
Regulatory disclosure: The partnership was disclosed under SEBI’s Listing Obligations and Disclosure Requirements to both the NSE and BSE.
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