Central Bank of India has entered into a strategic distribution agreement with ICICI Prudential AMC Limited to expand mutual fund investment opportunities for its customers. The partnership was announced through a regulatory filing dated February 27, 2026, under SEBI LODR regulations.

Partnership Details

The distribution agreement enables Central Bank of India to offer ICICI Prudential AMC's mutual fund products to its customer base. This collaboration is designed to help customers unlock the value of their savings through various mutual fund investment options provided by the asset management company.

About ICICI Prudential AMC

ICICI Prudential AMC Limited brings significant expertise to this partnership, having been established in 1993 as a joint venture between ICICI Bank and Prudential PLC London. The company has established itself as one of India's leading asset management companies with substantial market presence.

Strategic Benefits

The partnership represents a strategic move to enhance the investment product portfolio available to Central Bank of India's customers. By leveraging ICICI Prudential AMC's extensive suite of investment offerings, the bank aims to provide comprehensive wealth management solutions to its customer base.

The collaboration allows customers to access professional fund management services and diversified investment options through their existing banking relationship. This arrangement is expected to strengthen the bank's position in the financial services sector while providing customers with enhanced investment opportunities.

Central Bank of India has announced a strategic partnership with SBI Funds Management Limited to distribute mutual fund products to its customers. The distributorship agreement was disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the bank's commitment to expanding investment opportunities for its customer base.

Partnership Details

The collaboration between Central Bank of India and SBI Funds Management Limited is designed to unlock value for customers' savings through diverse mutual fund investment options. This arrangement will enable Central Bank of India to offer its customers access to SBIFML's comprehensive suite of investment products.

About SBI Funds Management Limited

SBI Funds Management Limited (SBIFML) brings significant expertise and market presence to this partnership. The company was established in 1987 and operates as a joint venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

Key Performance Metrics

Strategic Benefits

The partnership positions both entities to leverage their respective strengths in the financial services sector. Central Bank of India customers will gain access to professional fund management services, while SBIFML can expand its distribution network through the bank's customer base.

The arrangement reflects the growing trend of banks partnering with specialized asset management companies to provide comprehensive financial solutions. This collaboration enables Central Bank of India to offer sophisticated investment products without developing in-house asset management capabilities.

Market Impact

With SBIFML's substantial Assets Under Management of ₹12,41,000 crore as of December 2025 and its extensive investor base of around 25 crore folios, the partnership provides Central Bank of India customers access to a well-established and experienced fund management platform. The collaboration strengthens both organizations' market positioning in India's competitive financial services landscape.