Central Bank of India (CBI) partners with HSBC Asset Management India (HSBC AMC) to distribute mutual fund products

Exam-focused facts from the 3 February 2026 current affairs briefing.

Key facts

Central Bank of India (CBI) has entered into a distributorship agreement with HSBC Asset Management India Pvt Ltd (HSBC AMC) to offer mutual fund products to its customers.
HSBC AMC, which acquired the L&T Investment Management business in November 2022, recorded a daily average Assets Under Management (AUM) of ₹1.39 lakh crore in December 2025.
CBI reported a 31.6% year-on-year increase in net profit to ₹1,262 crore for the December quarter.
The net interest income of CBI for the December quarter stood at ₹3,503 crore, reflecting a 1% decline compared to the previous year.
The asset quality of CBI improved during the quarter, with Gross Non-Performing Assets (GNPA) declining to 2.7% and Net NPAs easing to 0.45%.