1.

Which of these will cease to be a fund manager of retirement fund body EPFO by the end of March 2019?1). RBI2). SBI3). PNB4). IDBI

Answer»
  • STATE BANK of India (SBI) will cease to be a fund manager of retirement fund body EPFO by the end of March 2019.
  • According to RBI rules, a bank cannot function as an asset management company.
  • CURRENTLY, SBI, ICICI Securities Primary Dealership, Reliance Capital, HSBC AMC and UTI AMC are fund managers of the EPFO.


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