Reliance Capital Asset Management (RCAM), part of Reliance Capital Limited, signed a Distribution agreement with Ratnakar Bank. The alliance focuses on distribution of Reliance Mutual Fund schemes through 115 branches, of Ratnakar Bank across India. This was announced today by Himanshu Vyapak, Deputy CEO, RCAM and Nitin Chopra, Head of Retail & Consumer Banking, Ratnakar Bank. As per the agreement, Ratnakar Bank will be distributing Reliance Mutual Fund schemes through its 115 branches spread across the country.
Commenting on the tie-up, Nitin Chopra, Head - Retail & Consumer Banking, Ratnakar Bank said, “We are happy to partner with Reliance Mutual Fund. Our business will grow in two dimensions, one through our presence in the larger urban markets and secondly through our semi-urban & rural branches where we see new business potential. Our partnership with Reliance Mutual Fund will help us on both fronts.”