State Bank of India
ICICI Prudential Mutual Fund raised its stake in State Bank of India from 1.38% to 1.49% by acquiring 1,08,24,246 shares.
India's largest public sector bank, headquartered in Mumbai, provides comprehensive banking and financial services across retail, corporate, and institutional segments. With a history spanning over two centuries, it operates an extensive network of branches and digital platforms serving customers nationwide. The bank offers deposit products, lending solutions, investment services, and insurance offerings. As a government-backed statutory body, it combines regulatory oversight with commercial banking operations, serving as a cornerstone of India's financial system and economy.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.