A safety-first strategy and not having a star manager has only helped the mutual fund business of India’s largest bank. Will it hold its ground?
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The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.
SBI is in discussions with its French partner on the contours of a near Rs 20,000-crore listing of the mutual fund house. But challenges in the form of a unique shareholder agreement and the recent poor performance of the AMC could derail plans.
While paying heed to the growing concerns of mutual funds around how mandatory investment norms are affecting junior employees, the market regulator has ensured the industry remains accountable to investors.