SBI, four others shortlisted to manage EPFO's 3.5 lakh cr

The recommendation of the EPFO’s Financial Advisory Committee (FIC) will be placed before the Central Board of Trustees (CBT) for final approval later in the day, sources said.

The suggestions of the FIC is usually accepted by the Employees Provident Fund Organisation’s (EPFO) highest decision making body CBT which is headed by Labour Minister.