Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms

Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms

UTI AMC is promoted by four public sector financial institutions as sponsors — SBI, LIC, BoB and Punjab National Bank (PNB) — with each of them currently holding an 18.24 per cent stake in the fund house, while private equity firm T Rowe Price International holds 26 per cent stake in UTI AMC.
Check the source here –Source, Financial Express.

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