Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1)
1.
Which asset management company partnered with the Central Bank of India to distribute mutual fund products?
SBI Mutual Fund
HDFC Asset Management
HSBC
ICICI Prudential
Answer: Option
Explanation:
The Central Bank of India entered into a partnership with HSBC Asset Management (India) Private Limited to offer mutual fund products to its customers. Through this collaboration, customers of the public sector bank can access professionally managed mutual fund schemes, expanding their investment choices beyond traditional savings products. The initiative is designed to help customers generate better long-term wealth by leveraging expert fund management and diversified portfolios. By associating with HSBC, a globally recognized financial institution, the Central Bank of India aims to strengthen its investment offerings and support customers in achieving improved financial planning and savings outcomes.
Discussion:
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