SBI Mutual Fund gains at the cost of its parent

India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.

15 September, 20259 min
3
SBI Mutual Fund gains at the cost of its parent

You may also like

Business
Story image

SBI Funds Management’s run-up to an IPO is too messy, too expensive

Low profitability, lagging metrics and a lack of succession planning are expected to weigh heavily on the proposed stock market debut of India’s largest asset management company.

Business
Story image

Why IndusInd Bank promoter Ashok Hinduja was never really in the dark

As the private lender reeled from serial scandals, Hinduja insisted he was merely a shareholder. Board-level links, conflicts of interest and regulatory blind spots suggest otherwise.

Business
Story image

Banking on growth in 2026

A tumultuous year comes to a close for Indian banks, as they await a revival in borrowing in the new year.