Central Bank of India Partners with HSBC AMC for Mutual Fund Distribution
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CNBC TV18•31-01-2026, 16:41
Central Bank of India Partners with HSBC AMC for Mutual Fund Distribution
- •Central Bank of India has signed a distributorship agreement with HSBC Asset Management (India) Pvt Ltd.
- •The partnership allows Central Bank of India to offer HSBC AMC's mutual fund products to its customers, broadening investment options.
- •This collaboration aims to provide customers with a wider range of mutual fund offerings for diversified savings deployment.
- •HSBC AMC, managing HSBC Mutual Fund and the acquired L&T Investment Management business, reported a daily average AUM of ₹1.39 lakh crore in December 2025.
- •Separately, Central Bank of India's Q3 net profit rose 31.6% to ₹1,262 crore, despite a 1% dip in net interest income.
Why It Matters: Central Bank of India expands investment solutions by partnering with HSBC AMC for mutual fund distribution.
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