RBI rejects Muthoot Finance's plan to buy IDBI AMC

IDBI Bank had to sell its MF arm after being acquired by state-owned insurance behemoth Life Insurance Corporation since LIC already had an AMC. The Reserve Bank of India (RBI) has rejected......

Why Franklin-type fiascos will keep happening

'MFs acted as reckless lenders and not as prudent investors.''Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu. Illustration: Dominic Xavier/Rediff.com  ......

Bank stake sales in insurance, MF arms hit a wall

Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in......

How old private banks are reinventing themselves

Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they’ve now realised that scaling up at the cost of quality isn’t worth the......