Home Banking & Finance PNB sells stake in MF business

PNB sells stake in MF business

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Punjab National Bank (PNB) has sold its entire stake in the joint venture with Principal Financial Group, according to reports.

Report says that Principal Financial Group and PNB announced the signing of a shares purchase agreement.

Principal Pnb Asset Management Company is the investment manager to Principal Mutual Fund.It offer a wide range of innovative investment solutions for both retail and institutional investors and adhere to the strategic principles of rigorous risk control, process-orientation and superior research to support our investment decisions. It manage assets for over 4 lakh customers, through 102 investor centres with over 20,000 empanelled distributors across the country.