Edelweiss has put its mutual fund business on the block
The financial services group needs to cut debt sooner rather than later, and selling a unit is the best option on the table.
1 July, 2022•7 min
0
1 July, 2022•7 min
0
More in Business
Business
Exclusive: Sunil Munjal invokes shares in Bira-linked entity
In another blow, founder Ankur Jain stands to lose further control over his troubled beer brand.
You may also like
Business
High attrition is the bane of India’s private banks
The increasing convergence of sales and service functions, with consequent non-stop pressure to meet targets, has seen employees jump ship in droves. This has the potential to adversely impact the financial institutions’ health.
Business
Prashant Kumar-led Yes Bank wants to get back its risk appetite
The bank, following its March 2020 bailout, may have gone overboard in its quest for safety. That may soon change as it looks to acquire a microfinance business with the promise of high returns.
Business
Is Sumant Kathpalia hurting his chances of a third term as IndusInd Bank CEO?
Already on a two-year extension (instead of the usual three), the banker hasn’t really moved the needle on the tasks he was set. Plus, his demand for a hike seems to be a fresh irritant for the RBI.