As five state-owned banks, including Punjab National Bank, Union Bank of India, and Bank of Maharashtra plan for Rs 28,000 crore of qualified institutional placements in the next 6 – 9 months as part of their capital raising plans for FY25, sources say this time too they may turn to domestic mutual fund houses to meet their funding needs.
Mutual Funds: Equity schemes rule the roost with nearly 60% of overall industry assets, shows AMFI’s June data
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