PFRDA Appoints Bank Of Baroda As Pension Fund Sponsor, Lender Becomes Second Public Sector Bank To Enter Segment
New Delhi: Bank of Baroda has received formal approval to sponsor a pension fund, marking its entry into the pension fund business as the second public sector bank to enter the segment. The Pension Fund Regulatory and Development Authority issued the Certificate of Appointment, which was presented to the bank’s Managing Director and CEO, Debadatta Chand, at NPS Divas 2026 on October 1. PFRDA…
New Delhi - Bank of Baroda has officially been granted permission to sponsor a pension fund, making it the second public sector bank to enter this segment. The Pension Fund Regulatory and Development Authority (PFRDA) issued the Certificate of Appointment to the bank's Managing Director and CEO, Debadatta Chand, at the NPS Divas 2026 event on October 1.
This appointment opens a new role for Bank of Baroda in the pension fund business, following PFRDA's approval of the bank in July 2026, along with Motilal Oswal AMC and Bajaj, under revised guidelines.
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