HDFC Mutual Fund has increased its stake in Axis Bank by 5 basis points to 5.02 per cent from 4.97 per cent, a move that shows the fund house's confidence in the bank's growth prospects.
The bank is standing by Axis Mutual Fund CEO and MD Chandresh Nigam after suspending two other fund house officials in connection with frontrunning allegations, say sources. But Nigam’s ...
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