Bank of Baroda incorporates pension fund subsidiary for ₹80.1 Cr

Bank of Baroda has announced the incorporation of a new wholly-owned subsidiary, 'BOB PENSION FUND MANAGEMENT COMPANY LIMITED'. The subsidiary was incorporated on September 21, 2026, with an authorized share capital of INR 100.00 Crore. Bank of Baroda will hold an 80.10% stake in the new entity, investing INR 80,09,99,500 by subscribing to 8,00,99,950 equity shares. The new company is established to act as a Pension Fund Manager, regulated by PFRDA, and will manage pension assets. The bank has received necessary approvals from PFRDA and RBI for this venture, with the completion of acquisition expected by December 31, 2026.