IDBI Bank Is Selling Mutual Fund Unit To Comply With SEBI Norms, Not To Raise Capital
Signage of IDBI Bank seen at its Prabhadevi Branch in Mumbai, India (Photographer: Anirudh Saligrama/BloombergQuint)

IDBI Bank Is Selling Mutual Fund Unit To Comply With SEBI Norms, Not To Raise Capital

IDBI Bank Ltd. said it's selling its mutual fund arm to Kochi-based gold loan financier Muthoot Finance Ltd. to comply with regulatory requirements, not to raise capital.“The amount is just Rs 215 ...
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