MF industry loses 80% of bank, FI folios in FY12


The mutual fund industry shed around 80 per cent of folios belonging to banks and financial institutions in FY12. The decline was largely due to an RBI directive. RBI had asked banks to reduce their MF exposure to a maximum of 10 per cent of their net worth to mutual funds
http://www.thehindubusinessline.com/markets/stock-markets/article3353309.ece

 

.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s