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Tata Capital, Axis Bank seek PFRDA nod for pension AMC

The two companies had several rounds of discussions with the PFRDA for registration as pension fund

September 12, 2013 1:38 IST | India Infoline News Service
Tata Capital and Axis Bank are seeking Pension Fund Regulatory Development Authority (PFRDA) approval to register as a pension fund asset management company (AMC), according to a media report.

The two companies had several rounds of discussions with the PFRDA for registration as pension fund, the report added.

However, PFRDA has not received any formal applications from the two companies for the same.

Currently, there are eight pension fund managers for both the public and private sector National Pension Scheme (NPS).

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