| With a view to expand banking service the bank offers mutual fund schemes, an emerging investment tool for retail investors. These schemes are available directly through the banks branch network.
The Bank is a corporate distributor for the following mututal fund houses viz.
1. S.B.I. Mututal Fund
2. Kotak Mahindra Mutual Fund
3. ICICI Prudential Mutual Fund
4. Reliance Mutual Fund
5. HDFC Mutual Fund
6. DSP Merril Lynch Mutual Fund
7. J.M. Financial Mutual Fund
8. UTI Mutual Fund
9. Franklin Tempelton Mutual Fund
10. Birla Sunlife Mutual Fund
The Bank is a Corporate agent for soliciting life insurance business with M/s. Max New York Life Insurance Co. Ltd. (MNYL), one of the top most life insurance company in India. MNYL is a joint venture between New York Life, a fortune 100 Company and Max India Ltd., one of India's leading multi business corporation since 2005.
Bank also offers various General Insurance products through its tie-up with IFFCO-TOKIO General Insurance Co. Ltd. which is tie-up between Indian Farmers Fertilisers Co. Ltd. (IFFCO) which is the largest co-operative society in India and Tokio Marine, one of the largest insurance companies in Japan.
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