CBI Signs Distribution Agreement with Canara Robeco AMC to offer MF products

Current Context: On 27 February 2026, the Central Bank of India (CBI) signed a distribution agreement with Canara Robeco Asset Management Company (AMC) to offer mutual fund products to its customers.

• This tie‑up enables CBI’s retail and corporate clients to access diversified MF schemes managed by Canara Robeco AMC.
• Canara Robeco AMC, established in 1987, is one of India’s oldest fund houses, managing ₹1.22 lakh crore AUM and serving over 50 lakh investors.
• The collaboration was disclosed in a stock exchange filing, highlighting opportunities for customers to unlock savings value and build wealth.
• It reflects CBI’s strategy to expand financial product offerings beyond traditional banking, strengthening its role in the investment and wealth management ecosystem.

Question:

Q.1 On 27 February 2026, Central Bank of India signed a distribution agreement with which Asset Management Company (AMC)?
a) SBI Mutual Fund
b) HDFC Asset Management Company
c) ICICI Prudential Asset Management Company
d) Canara Robeco Asset Management Company

Answer: d) The agreement was signed between Central Bank of India and Canara Robeco Asset Management Company to distribute mutual fund products to the bank’s customers.