Bank of Baroda to Act as Sponsor of Pension Fund After Receiving PFRDA Appointment
Bank of Baroda has been appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to serve as a Sponsor of a Pension Fund. The Bank received the Letter of Appointment from the regulatory body under the PFRDA (Registration of Pension Funds) Guidelines, 2026.Following this key development, Bank of Baroda plans to establish a dedicated Pension Fund Management Company. This initiative is subject to receiving other necessary regulatory approvals.
The Bank stated that it will issue further disclosures to the market as and when any material developments occur concerning this undertaking.
BANKBARODA Stock Price Movement
Shares of Bank of Baroda are edging higher to ₹264.2 as of 1:30 PM today, gaining 0.30% in live trading. The bank's equity sees steady momentum, pushing total traded volume to 8.11 million shares amid continued buying interest.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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