Bank of Baroda has been appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund, as per the PFRDA (Registration of Pension Funds) Guidelines, 2026. The bank plans to establish a Pension Fund Management Company, subject to obtaining necessary regulatory approvals.
This move marks a significant step for Bank of Baroda as it expands its role in the pension fund sector. The appointment is part of the bank’s strategy to diversify its financial services and enhance its offerings in the pension management domain.
The bank has committed to providing further updates on the development as material progress is made. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely updates on significant corporate developments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).