Centurion Bank to invest in venture with TV-18

New Delhi, Dec 7: Centurion Bank of Punjab today announced its plans to invest in an equity broking venture in India along with the Ambit RSM Group and the TV-18 Group.

The initiative for which the bank has received approval from its Board of Directors, is subject to necessary regulatory approvals.

''It will enable the bank to offer an increasing array of sophisticated financial products to its high net worth customers and complete its suite of Wealth Management Services, which currently includes complete financial advisory services and distribution of products such as mutual funds and life insurance,'' a Centurion Bank of Punjab statement said.

The proposed businesses will be managed by a professional board chaired by Mr Rana Talwar, it said.

UNI