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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Sandeep Tandon-helmed fund house, under SEBI’s lens for market malpractice, has a lot more that’s wrong with its move-fast-and-break-things credo. Will its lapses catch up?
Quant Mutual Fund, India’s fastest-growing fund house, finds itself in the market regulator’s crosshairs. It is suspected of front-running, no less, according to three people with knowledge of the matter.
“There were searches conducted by SEBI in this regard as well last week. Most of the front-running is alleged to have happened in its small-cap scheme,” says one of the three, requesting anonymity. All three add that the market regulator is questioning multiple people—from dealers to market operators—in this regard.
Now, front-running is as serious as offenses get in the MF industry. A malpractice involving trading in securities by a …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
