BoI ties up with ING Investment
Bank of India on Thursday said it has entered into a strategic alliance with ING Investment Management to distribute its mutual fund products.
By PTI |
MUMBAI: Bank of India on Thursday said it has entered into a strategic alliance with ING Investment Management to distribute its mutual fund products.
ING Mutual Fund belonging to ING Investment, the world's largest financial services provider, has over Rs 5,000 crore in assets under management, a statement said.
BoI executive director K R Kamath said his bank is targeting a fee based income of Rs 100 crore during the current fiscal.
The bank has taken various initiatives towards this objective and the tie-up with ING investment is a step forward.
He said the bank has already tied up with three other mutual funds.
ING Mutual Fund belonging to ING Investment, the world's largest financial services provider, has over Rs 5,000 crore in assets under management, a statement said.
BoI executive director K R Kamath said his bank is targeting a fee based income of Rs 100 crore during the current fiscal.
The bank has taken various initiatives towards this objective and the tie-up with ING investment is a step forward.
He said the bank has already tied up with three other mutual funds.
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