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Either that, or Muthoot has used this as an excuse to withdraw from the purchase of IDBI. I mean to change its mind.
Muthoot says RBI refused to allow it to buy IDBI MF because it's not what an NBFC should do. But JM, HDFC are both owned by NBFCs. RBI should really stop being this inconsistent about rules.
The RBI rejects Muthoot Finance’s proposal to acquire IDBI AMC.
Stocks To Watch - RBI rejects Muthoot finance's bid to acquire IDBI MF - Realty stocks & RBL Bank in focus @alexandermats discusses these stocks with @yogeshmehtain. #BQLive #BQStocks Read more:
#ZBizHeadlines | सुबह 7 बजे की तमाम बड़ी खबरें 🔸 इंडियन ओवरसीज बैंक जून 2021 तक PCA से होगा बाहर, ज़ी बिज़नेस एक्सक्लूसिव 🔸 मुथूट फाइनेंस की IDBI AMC के अधिग्रहण की अर्जी खारिज 🔸 आज सुबह 10:30 बजे कैबिनेट की अहम बै
RBI rejects Muthoot Finance Proposal to Buy IDBI Mutual Fund ...
IDBI - Disclosure Under Regulation 30 Read With Schedule III And Other Applicable Regulations Of The Securities And Exchange Board #Part1
[email protected] @TheMuthootGroup's request for a NOC wasn't acceded to by the @RBI due to: “The activity of sponsoring a Mutual Fund or owning an Asset Management Company is not in consonance with the activity of an operating NBFC." Alert: Muthoot Finance intended to buy IDBI MF
RBI declines to approve Muthoot Finance's bid to buy IDBI Asset Management and IDBI MF Trustee.