MF industry loses 80% of bank, FI folios in FY12

The mutual fund industry shed around 80 per cent of folios belonging to banks and financial institutions in FY12. The decline was largely due to an RBI directive. RBI had asked banks to reduce their MF exposure to a maximum of 10 per cent of their net worth to mutual funds
http://www.thehindubusinessline.com/markets/stock-markets/article3353309.ece

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