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PRUDENTIAL ICICI TO TAP SIB NETWORK FOR SOUTHERN FORAY (to launch services in 100 SIB branches by Jul 2003).

Asia Africa Intelligence Wire

| February 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

Prudential ICICI AMC (PIA) will be drawing on the wide branch network of South Indian Bank (SIB) of Thrissur to tap the south Indian market. Under a tie-up signed in this regard on 31 Jan 2003, SIB is looking at receiving a minimum of 10 percent additional fee revenue during the first year.

SIB has 384 branches ...

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