Search results with tag "Sector banks"

Recent Developments in India’s Mutual Fund Industry*

public sector financial companies as MFs, beginning with the establishment of State Bank of India (SBI) MF in 1987. Several other public sector banks, the Life Insurance Corporation of India (LIC) and the General Insurance Corporation of India (GIC) also set up their MFs and the industry’s AUM reached `470.0 billion by end-1993.

  Bank, Sector, Financial, Financial sector, Sector banks