SBI announces IPO of MF arm

20,000 crores SBI, India’s largest bank, will take its fund management arm, SBIFML, public through an IPO in 2026, pending regulatory approval. The joint venture between SBI and French firm Amundi will see both companies selling 10% of their stake. Experts estimate SBIFML’s value to be Rs. 20,000 crores due to its strong performance and […]