The meeting was chaired by deputy governor Viral Acharya, who reportedly wanted investors to avail the Voluntary Retention Route (VRR), three people with direct knowledge of the matter said.
The fund house had earned a profit of Rs 195.1 crore in the same quarter a year ago.
The foreign brokerage expects competition to intensify in a downturn given Ashok’s improved ability to fight against Tata Motors.
