Category : Banking


LIC MF Plans Comeback Using Vast Agent Network

After 36 years as a modest player, LIC Mutual Fund targets ₹1 trillion AUM by tapping its parent's 1.48 million agents. Experts warn persistent underperformance of key equity schemes remains a major hurdle.

JPMorgan Cuts All Ties with Proxy Advisory Firms

JPMorgan Chase's asset management unit, overseeing $7 trillion, ends all external proxy adviser use. It will now rely on an in-house AI platform called Proxy IQ for shareholder voting decisions.

Big Banks Exit SBI Funds IPO Due to Low Fees

Citigroup and JPMorgan opt out of SBI Funds Management's $1.4 billion IPO, citing extremely low fees of 0.01%. Discover the fee war and its impact on India's booming IPO market.

SBI Life's NBFC Arm Raises Rs 500 Crore via NCDs

SBI Life Insurance's NBFC subsidiary, SBI Life Insurance Company Limited - NBFC, raises Rs 500 crore through NCDs to strengthen its capital base and support business growth. Details inside.

Mega Credit Guarantee for NBFC-MFIs in Upcoming Budget

The Centre is set to announce a large one-time credit guarantee scheme for NBFC-MFIs in Budget 2026-27 to ease liquidity, boost lending to low-income households, and reverse the sector's declining loan portfolio. Read more.

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