Online Business

PFRDA may take up SBI employees pension corpus

Country"s largest lender State Bank of India"s (SBI) pension corpus could be regulated by the Pension Fund Regulatory and Development Authority (PFRDA), opening a new area for the interim regulator. - Pension regulator hardsells new scheme - Akash Prakash: From uncertain to unstable markets">Akash Prakash: From uncertain to unstable markets - Insurance, pension bills face delay - Left seeks BJP support to oppose disinvestment - Cabinet clears SBI amendment bill - Now, savings account available with NPS "We have given approval to SBI for management of its pension corpus by our fund managers and now they are talking with its trust," a PFRDA official told PTI. Regulating the corpus of companies is a new area for the interim regulator. Till now, PFRDA-appointed fund managers, under the New Pension System (NPS), were handling only the corpus of individuals. Six PFRDA-appointed fund managers —IDFC Mutual Fund, Kotak Mahindra, SBI, UTI Asset Management, ICICI Prudential Life Insurance and Reliance MF— are handling the corpus under the NPS, which was thrown open to all citizens from May 1 this year. There are 22 contact and collection centres-- Points of Presence-- including State Bank of India, ICICI Bank, the Postal Department, IDBI Bank, Oriental Bank of Commerce, Axis Bank and Union Bank of India for all citizens" scheme.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
MNP to be delayed; DoT calls meeting tomorrow
Mobile telephone subscribers would have to wait a little longer to change their service provider without changing their numbers. The introduction of mobile number portability (MNP) across the country would be delayed by about two to three months, as some of the operators are not ready, said a senior official of the Telecom Regulatory Authority of India (Trai).
Popular Articles
payday loan lenders

Retail dream fades for many FMCG, telecom executives
With retailers downsizing operations, many senior executives from fast-moving consumer goods (FMCG) and telecom who had jumped on the retail bandwagon a couple of years ago are making a quiet comeback.

Analysts' View: Raamdeo Agrawal
The finance minister (FM) has done a good job to maintain an aggregate demand in a recessionary situation by increasing rural spending and giving some reprieve in income tax by cutting the surcharge. It’s a fairly balanced Budget. The fall in markets is an over-reaction as the finance minister has never said that there would not be any divestment. Instead, he has hinted that nearly Rs 25,000 crore is likely to be raised through divestment.

© Copyright 2009