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PNB, Vijaya to take IDBI stake in AMC

Punjab National Bank and the Bangalore-based Vijaya Bank will pick up stakes in IDBI-Principal Asset Management Company after the exit of the Industrial Development Bank of India. The two banks are......

UTI MF issue size likely to be up to Rs 4000 cr

The IPO is an offer for sale of 38 million shares by SBI, BOB, LIC, PNB and T Rowe Price. Barring T Rowe and PNB, the others are selling stake to comply with Sebi norms. UTI Asset Management......

Rupee falls to its weakest in 2 months

The rupee fell to its weakest in two months against the dollar on fears the US Federal Reserve would start winding down its stimulus, although central bank intervention and soothing trade deficit......

Don't panic about news of impending Fed rate hike

The best response will be to stick to the asset allocation in your long-term portfolios After minutes of the US Federal Reserve’s April meeting, where a rate hike was debated, were......

The blind spot on India's biggest banking whodunit

The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers’ receipts in 1992.Ketan Parekh......

Principal Pnb Asset Management Company

News for Principal Pnb Asset Management Company

PNB, Vijaya to take IDBI stake in AMC

UTI MF issue size likely to be up to Rs 4000 cr

Rupee falls to its weakest in 2 months

Don't panic about news of impending Fed rate hike

The blind spot on India's biggest banking whodunit

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