The Karnataka based Syndicate Bank has tied up with ICICI Bank's arm which deals in mutual funds, ICICI Prudential mutual funds to distribute the latter's mutual funds products and to increase its reach to customers.

According to the tie up, Syndicate bank will now be selling ICICI Prudential mutual fund's schemes to its customers throughout the country from 2709 branches strong network of the bank.

It should be noted that Syndicate Bank has a similar tie up with IDBI Asset Management and has signed a Memorandum of Understanding (MoU) with IDBI to distribute its mutual funds products and schemes.

Another bank, Indian Overseas Bank has collaborated with a mutual funds company Reliance Mutual Funds to sell Reliance's MF products to its customers.