IDBI AMC gets Sebi nod to launch MF biz

 
 Briefing media here on Thursday, IDBI Bank CMD Yogesh Agarwal said, “The launch of the asset management business is in line with its long term vision to emerge as a leading universal bank which will provide the entire gamut of financial services to its customers.”

The asset management industry in India being one of the fastest growing financial service businesses, Agarwal said, “the bank’s established brand name and its extensive branch network will enable its AMC to grow at a fast pace.”