Stock Holding Corporation of India appointed custodian under NPS
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K.Karthik Raja
Apr 2, 2008, 7:05:23 AM4/2/08
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Stock Holding Corporation of India appointed custodian under NPS
Wednesday, Apr 2
.
NEW DELHI - The Pension Fund Regulatory Authority has appointed
Stock Holding Corporation of India Ltd. as its custodian under the New
Pension System for a period of 10 years, a release said today.
SHCIL will be the custodian for all investments made by State Bank
of India, UTI Asset Management Company, and Life Insurance Corp.,
which have been mandated to manage PFRDA funds, it said.
The new pension system has a central record keeping and accounting
agency-National Securities Depository Ltd.
K.Karthik Raja
Wednesday, Apr 2
.
NEW DELHI - The Pension Fund Regulatory Authority has appointed
Stock Holding Corporation of India Ltd. as its custodian under the New
Pension System for a period of 10 years, a release said today.
SHCIL will be the custodian for all investments made by State Bank
of India, UTI Asset Management Company, and Life Insurance Corp.,
which have been mandated to manage PFRDA funds, it said.
The new pension system has a central record keeping and accounting
agency-National Securities Depository Ltd.
K.Karthik Raja
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