Latest Updates Around The World
The PFRDA board has approved the framework in principle. A scheduled commercial bank can now independently set up a pension fund to manage the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) said. The PFRDA board has approved the framework in principle. This has been done “with the aim of strengthening […]
ICICI Prudential AMC has raised Rs 3,022 crore from 148 investors across sovereign wealth funds, global asset managers, domestic insurers, pension funds, mutual funds and family offices ahead of its Rs 10,600-crore IPO.The participation pattern indicates broad institutional conviction ahead of the public issue, which runs from December 12 to 16 at a price range […]
Sivasubramanian Ramann, chairman, PFRDA | Photocredit: EOS5D4 The Pension Fund Regulatory & Development Authority (PFRDA) is working on alleviating the friction issues that do not allow pension funds to bring freely money in more innovative ways such as real estate investment trusts (REIT) and Infrastructure Investment Trusts (Invit). Sivasubramanian Ramann, chairman, PFRDA, noted that there […]
