Central Bank of India announced a new distributorship agreement with SBI Funds Management Limited (SBIFML) to offer mutual fund products to its clientele. This partnership allows CBI customers to access SBIFML’s investment offerings, which manages an Asset Under Management (AUM) of ₹ 12,41,000 crore as of December 2025. SBIFML is a major asset manager in India, established in 1987 as a joint venture between SBI and AMUNDI (France).
New Distribution Partnership Announced
Central Bank of India has formalized a strategic distributorship Agreement with M/s SBI Funds Management Limited (SBIFML). This collaboration is aimed at enhancing the investment opportunities available to the customers of Central Bank of India by providing access to a broad range of mutual fund products managed by SBIFML.
Significance of the Arrangement
This arrangement enables Central Bank of India customers to leverage the investment expertise of SBIFML. The objective is to offer clients viable avenues to unlock the value of their savings through diverse mutual fund offerings. This move is a key component of Central Bank of India’s strategy to expand non-lending income streams and offer comprehensive wealth management solutions.
About SBI Funds Management Limited (SBIFML)
SBI Funds Management Limited is a deeply established entity in the Indian asset management space, having been founded in the year 1987. It operates as a Joint Venture between the State Bank of India (SBI) and AMUNDI (France), positioning it among the world’s leading fund management groups. As of December 2025, SBIFML serviced approximately 25 crore investor folios and managed a substantial total AUM reaching ₹ 12,41,000 crore across its investment portfolio.
The formal intimation regarding this agreement was released by the Company Secretary & Compliance Officer, CHANDRAKANT BHAGWAT, on February 21, 2026.
Source: BSE
