News From Press SBI Mutual Fund's IPO plan shelved for now, says SBI chairman

SBI Mutual Fund's IPO plan shelved for now, says SBI chairman

Source: Economic Times Nov 3, 2022

State Bank of India NSE -0.53 % chairman Dinesh Kumar Khara on Wednesday said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being. SBI NSE -0.53 % Mutual Fund, the country's largest asset manager with around Rs 6.5 lakh crore in asset under management, had in February selected seven merchant bankers for a USD 1-billion IPO. But soon the markets tur ..

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