{"id":385135,"date":"2026-01-01T17:37:04","date_gmt":"2026-01-01T17:37:04","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/385135\/"},"modified":"2026-01-01T17:37:04","modified_gmt":"2026-01-01T17:37:04","slug":"india-allows-banks-to-sponsor-pension-funds-under-nps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/385135\/","title":{"rendered":"India allows banks to sponsor pension funds under NPS"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/1x1_spacer.png\" alt=\"Image used for representational purpose only. File\" title=\"Image used for representational purpose only. File\" data-original=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/1x1_spacer.png\" class=\"lead-img\" fetchpriority=\"high\"\/><\/p>\n<p class=\"caption\">\n                    Image used for representational purpose only. File<br \/>\n                                          | Photo Credit: Getty Images\/iStockphoto\n                                      <\/p>\n<p> India\u2019s pension fund regulator has allowed banks \u200dto sponsor pension funds that will manage monies \u200bunder the National Pension System (NPS), \u200cin a bid to bolster \u200bcompetition in the sector.<\/p>\n<p>The Pension Fund Regulatory and Development Authority (PFRDA), which oversees assets worth more than $177 billion, said in a statement on Wednesday (December 31, 2025) that it had given in-principle approval for banks \u200bto independently set up pension \u2060funds to manage the NPS, subject to eligibility norms aligned with the Reserve Bank of India\u2019s (RBI) guidelines.<\/p>\n<p>Banks \u200bwill have to \u2060meet eligibility criteria linked to networth, market capitalisation, and prudential soundness, it added.<\/p>\n<p>Currently, banks serve as points of \u200cpresence, handling subscriber registrations, contributions, and \u200cother system services. Some existing pension funds have ties to financial institutions, \u200dincluding banks.<\/p>\n<p class=\"referpara\"><a href=\"https:\/\/www.thehindu.com\/data\/the-evolution-of-pension-reforms-in-india\/article70375016.ece\" target=\"_blank\" rel=\"nofollow noopener\">The evolution of pension reforms in India<\/a>\u00a0<\/p>\n<p>At present, there are 10 registered pension funds with the PFRDA.<\/p>\n<p>The change \u200dis part of broader reforms by the regulator. In December last year, the PFRDA allowed NPS subscribers to invest in gold and silver exchange-traded funds, the Nifty 50 index, and Alternative Investment Funds.<\/p>\n<p>The regulator also revised \u2060the Investment Management Fee structure for pension funds starting April 1, 2026, \u200baccording to the latest release.<\/p>\n<p>Additionally, three new \u2060trustees have been appointed to the NPS Trust Board, including Dinesh Kumar Khara, a former chairman of the country\u2019s largest lender, State Bank \u2060of India.<\/p>\n<p class=\"publish-time-new\"> Published &#8211; January 01, 2026 10:00 pm IST<\/p>\n","protected":false},"excerpt":{"rendered":"Image used for representational purpose only. File | Photo Credit: Getty Images\/iStockphoto India\u2019s pension fund regulator has allowed&hellip;\n","protected":false},"author":2,"featured_media":385136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,42639,129538,206844,184,185],"class_list":["post-385135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-business","tag-finance","tag-national-pension-system","tag-pension-fund-regulatory-and-development-authority","tag-pension-fund-under-nps","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/385135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=385135"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/385135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/385136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=385135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=385135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=385135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}