SBI Mutual Fund gains at the cost of its parent

India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.

15 September, 20259 min
3
SBI Mutual Fund gains at the cost of its parent

You may also like

Business
Story image

RBI wants IndusInd Bank promoters, the Hindujas, cut to size

After successive controversies and growing unease over promoter influence, the central bank is reshaping the lender—starting with management, moving to its board and tightening the screws on ownership.

Business
Story image

Amitabh Chaudhry needs to rethink Axis Mutual Fund’s revival strategy

The fund house has fallen behind its peers. What explains the sub-par performance?

Business
Story image

Why Kotak Mahindra Bank is in a hurry to swallow IDBI

As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.