The diktat to focus on core operations and the surging strain on their balance sheets may compel public sector-sponsored mutual funds to reduce or sell their stakes in the business, believe experts. These include fund houses like Union KBC, BOI Axa MF, IDBI MF, Baroda Pioneer MF, Principal MF and Canara Robeco. Punjab National Bank, Bank of Baroda, Canara Bank, Bank of India and IDBI Bank posted net losses of anywhere between Rs 1,736 crore and Rs 5,367 crore in the quarter ended March 2016. In 2014, the finance ministry had asked public-sector banks to review their exposure to ...
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