GENERAL2 Oct 2026
PFRDA appoints Bank of Baroda as pension fund sponsor; bank becomes second PSU lender in business - CNBC TV18
The Pension Fund Regulatory and Development Authority (PFRDA) has picked Bank of Baroda as a pension fund sponsor, letting the bank enter the pension fund business. It becomes the second public sector bank in this space. If you save for retirement through such funds, this adds one more player in the market. Check the official PFRDA website before you choose.
Key Statutory Highlights
- PFRDA has appointed Bank of Baroda as a pension fund sponsor.
- With this appointment, Bank of Baroda enters the pension fund business.
- Bank of Baroda becomes the second public sector bank in this sector.
Actionable Advice for Taxpayers / Founders:If you are saving for retirement, you may want to compare the pension fund options listed by PFRDA before deciding where to put your money.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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