{"id":385686,"date":"2026-01-01T23:50:12","date_gmt":"2026-01-01T23:50:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/385686\/"},"modified":"2026-01-01T23:50:12","modified_gmt":"2026-01-01T23:50:12","slug":"india-allows-banks-to-sponsor-pension-funds-under-nps-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/385686\/","title":{"rendered":"India allows banks to sponsor pension funds under NPS"},"content":{"rendered":"<p>India&#8217;s pension fund regulator \u200dhas allowed banks to sponsor pension funds that will manage \u2060monies under the <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\" href=\"https:\/\/m.economictimes.com\/mf\/nps-national-pension-scheme\" rel=\"nofollow noopener\">National Pension System<\/a> (NPS), in a bid to bolster competition in the sector.<\/p>\n<p> The Pension Fund Regulatory and Development \u200cAuthority (PFRDA), which \u200coversees assets worth more than $177 billion, said in a statement on \u200cWednesday 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&#8217;s guidelines.<\/p>\n<p> Banks will have to meet eligibility criteria linked to net worth, \u200cmarket capitalisation, \u200dand prudential soundness, it added.<br \/>Currently, banks \u200dserve as points of presence, handling subscriber \u200cregistrations, contributions, and other system services. Some existing pension funds have ties to financial institutions, including banks. <\/p>\n<p>At present, there are 10 registered pension funds with the PFRDA.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/118783427.cms.png\" width=\"90%\"\/>Live Events<br \/> The change is part of broader reforms by the regulator. In December last \u200dyear, the PFRDA allowed NPS subscribers to invest in gold and silver exchange-traded funds, \u200dthe Nifty \u206050 index, and \u2060Alternative Investment Funds.<br \/>The regulator also revised the Investment Management Fee structure for pension funds starting April 1, 2026, according to the latest release.  Additionally, three new trustees have been appointed to the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/nps-trust-board\" target=\"_blank\" rel=\"nofollow noopener\">NPS Trust Board<\/a>, including Dinesh Kumar Khara, a former chairman of the country&#8217;s largest lender, <a rel=\"dofollow noopener\" href=\"https:\/\/m.economictimes.com\/state-bank-of-india\/stocks\/companyid-11984.cms\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\">State Bank of India<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"India&#8217;s pension fund regulator \u200dhas allowed banks to sponsor pension funds that will manage \u2060monies under the National&hellip;\n","protected":false},"author":2,"featured_media":385687,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,207086,99,186,207085,42639,207088,129538,207087,184,185,47510],"class_list":["post-385686","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-banks-sponsoring-pension-funds","tag-business","tag-finance","tag-india-pension-fund-regulation","tag-national-pension-system","tag-nps-trust-board","tag-pension-fund-regulatory-and-development-authority","tag-pension-funds-competition","tag-personal-finance","tag-personalfinance","tag-state-bank-of-india"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/385686","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=385686"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/385686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/385687"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=385686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=385686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=385686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}