Announced Mon, 21 Sept, 2026 · 19:47 IST
BoB incorporates pension fund management subsidiary with 80.10% stake
BANKBARODA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹234.19
prior close
₹233.64
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.2+0.3+0.2+1.1+0.0+0.5-2.9-2.8-1.4————
Up moveDown movePending
AI summary
Bank of Baroda has incorporated BOB Pension Fund Management Company Limited as a subsidiary (80.10%) under Section 8 of the Companies Act, with CIN U65300MH2026PLC475895. Authorized capital is INR 100 Crore and BoB's outlay is about INR 80.10 Crore via 8,00,99,950 equity shares of INR 10 each. The new entity will act as a pension fund manager regulated by PFRDA. RBI approval was received in July 2026 and the PFRDA sponsor letter in May 2026.
Likely market impact
Expands BoB into pension fund management, a new revenue line. Modest cash outlay of about INR 80 Cr. Positive strategic move with PFRDA and RBI approvals secured.