Search: pension funds
2stories
October 2026
-
FEMA & RBIRBI allows one-time approval for mutual funds, insurers and pension funds to re-acquire major shareholding in a bank, up to 10 per cent
One-time approval, up to 10%ReliefRBI has amended its directions on acquisition and holding of shares or voting rights in banks. SEBI-registered mutual funds, IRDAI-registered insurers and PFRDA-registered pension funds outside the bank’s promoter group can get a one-time approval, through PRAVAAH, for subsequent acquisitions of major shareholding up to 10 per cent. Prior approval for the initial acquisition stays mandatory.
August 2026
-
SEBINPS schemes re-classified into five types: MSF schemes get A-to-E equity categories and uniform names, pension funds limited to two schemes per category per tier
NPS: 5 scheme types, MSF A–ERule changePFRDA has set a standardised framework for classifying and presenting NPS schemes and told pension funds how to implement it. Schemes fall into five types; MSF schemes are slotted into categories A to E by equity exposure and renamed on a fixed pattern. Pension funds had 30 days from 28 August 2026 to re-classify and rename, and have 45 days to merge down to two schemes per category per tier.
The morning brief
One email each working morning with the day’s tax, GST and company-law news. It is starting soon; leave your address and it comes to you from day one.