National Pension System (NPS)
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Regulator allows banks to sponsor NPS pension funds
The Times Of India· 2026-01-02 09:50
Representational image "PFRDA board has approved, in principle, a framework to permit banks to independently set up pension funds to manage NPS, with the objective of strengthening the pension ecosystem. This shall enhance competition and safeguard subscriber's interests," said PFRDA in a statement. Banks willing to sponsor these funds will have to meet a 'clearly defined' eligibility criteria based on net worth, market capitalisation and prudential soundness, aligned with RBI norms. "(It will) ensure tha ...
Pension reform: PFRDA allows banks to set up pension funds for NPS; aims to boost competition
The Times Of India· 2026-01-02 01:47
The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday permitted banks to independently set up pension funds to manage the government’s flagship The PFRDA board “has approved, in principle, a framework to permit Scheduled Commercial Banks (SCBs) to independently set up pension funds to manage NPS, with the objective of strengthening the pension ecosystem, enhancing competition and safeguarding subscriber interests,” the regulator said in a statement.Under the proposed framework, PFRDA sai ...
With an aim to boost NPS, regulator allows banks to set up own pension funds
MINT· 2026-01-01 23:52
New Delhi: In a move that could materially widen access to pension products, the Pension Fund Regulatory and Development Authority (PFRDA) board has given an in-principle nod to allow scheduled commercial banks to directly set up pension funds to manage the National Pension System (NPS). The move is expected to deepen distribution and increase competition among fund managers.The proposed framework seeks to address existing regulatory constraints that had so far limited bank participation in the pension sect ...
India allows banks to sponsor pension funds under NPS
The Economic Times· 2026-01-01 19:57
The Pension Fund Regulatory and Development Authority (PFRDA), which oversees assets worth more than $177 billion, said in a statement on Wednesday that it had given in-principle approval for banks to independently set up pension funds to manage the NPS, subject to eligibility norms aligned with the Reserve Bank of India's guidelines. Banks will have to meet eligibility criteria linked to net worth, market capitalisation, and prudential soundness, it added. Currently, banks serve as points of presenc ...
