Regulatory6 May 2026, 01:08 pm
Bank of Baroda to Sponsor Pension Fund; Plans Management Company
AI Summary
Bank of Baroda has received approval from the Pension Fund Regulatory and Development Authority to act as a sponsor of a pension fund. The bank intends to establish a Pension Fund Management Company, contingent upon securing necessary regulatory approvals. Further disclosures will be made as the matter progresses.
Key Highlights
- Bank of Baroda gets approval to sponsor a pension fund.
- The bank plans to establish a Pension Fund Management Company.
- The move is subject to regulatory approvals.
- Further disclosures will be made on material developments.