Central Bank of India has formalized a distributorship agreement with HDFC Asset Management Company Limited (HDFC AMC) to offer mutual fund products to its customer base. This partnership aims to provide millions of customers access to a variety of savings and investment solutions managed by HDFC AMC. HDFC AMC, established in 1999, currently manages assets worth Rs.9.21 trillion for over 1.5 crore unique investors as of December 31, 2025.
New Strategic Distribution Agreement
Central Bank of India has entered into a significant distributorship agreement with M/s. HDFC Asset Management Company Limited (HDFC AMC). This arrangement is designed to enhance the range of investment options available to the bank’s customers by allowing the distribution of HDFC AMC’s comprehensive suite of Mutual Fund Products.
Value Proposition for Customers
This collaboration provides customers of Central Bank of India with a streamlined opportunity to access and invest in various mutual fund offerings provided by HDFC AMC. The partnership intends to help clients “unlock the value of their savings” through professionally managed investment vehicles.
Profile of HDFC Asset Management
HDFC AMC is recognized as a leading asset management company in India, having been established in the year 1999. As of the last reported period ending December 31, 2025, the company managed total assets under management (AUM) amounting to Rs.9.21 trillion. Furthermore, HDFC AMC serves a vast investor base, currently catering to approximately 1.5 crore unique investors across its various investment offerings.
Disclosure Details
This information was formally communicated by the bank under the relevant disclosure regulations on March 12, 2026, and has been submitted to both the National Stock Exchange of India Limited (Scrip Code: CENTRALBK) and the BSE Limited (Scrip Code: 532885).
Source: BSE
