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HEMANT CONTRACTOR
PFRDA hopes to reach 2.72 crore subscribers under APY, NPS by Mar-end: Hemant ContractorIn a break-up, PFRDA said there are nearly 1.45 crore subscribers under APY and the remaining 1.20 crore have NPS accounts.- PFRDA looks at ways to allow minors open account under NPSWe are looking at the possibility of allowing minors to join NPS because in some countries it is allowed. So we are looking at that issue, ...
- Maintaining NPS return at over 10 per cent to be examined: PFRDA chief Hemant ContractorAccording to Contractor, the subscriber base of the pension schemes run by the PFRDA has been growing, mainly driven by growth in user base...
- PFRDA is examining low returns, mandatory annuitisation under NPS"It is not fair to compare the rate of interest on a financial instrument of, say, 5 to 10 years duration with that of an annuity contract....
- NPS investors should be able to gradually withdraw corpus: Hemant Contractor, PFRDAPFRDA Chairman talks about the changes that have made NPS more attractive and why corporate houses should consider rolling it out for emplo...
- PFRDA mulls measures to expand NPS, Atal Pension Yojna outreachAt present, the NPS has more than 1.57 crore subscribers with total assets under management of over Rs 1.72 lakh crore.
- NPS subscriber base to grow at 35% in FY18: PFRDAWhile the subscriber addition saw a growth of 35% in the current fiscal, the pension fund grew by 40% and same growth is expected to contin...
- PFRDA to allow investment up to 75% in EquityUnder aggressive options, the subscribers will be allowed to start with up to 75% investments of their deposits into equity which will be r...
- Stable outlook will help us in reduction of cost: Hemant Kanoria, CMD, SREI Infra"There is a pick up in business and with the cost of funds coming down, it will definitely increase our net interest margin, says Hemant Ka...
- If there is tax parity, lot of EPF investors will switch to NPS: Hemant Contractor, PFRDA“We don’t want insurers and mutual funds to sell pension products unless regulated by PFRDA.”
- Budget 2016: PFRDA seeks complete tax exemptions for NPSTalking to reporters, PFRDA Chairman Hemant Contractor said making the NPS a 'Exempt, Exempt, Exempt' product would go a long way in increa...
- PFRDA for allowing private fund managers to manage government portfoliosPensions regulator PFRDA today said the government should allow private sector fund managers to manage government portfolios as well.
- PFRDA roping in banks to tap NRIs for National Pension SchemeThe Pension Fund Regulatory and Development Authority is in talks with a number of banks to attract NRI customers for its National Pension ...
- Expert panel for investment of National Pension System corpus into PE, VC fundsContractor said PFRDA is "positively looking" into NPS investing a part of corpus into PE and VC, as recommended by the G N Bajpai committe...
- Need a model where everyone is fairly paid: Hemant Contractor, PFRDA Head"We propose to review the fee structure for PFMs (pension fund managers) in the near future. We also feel that management fee is quite low."
- Ex-SBI MD Hemant Contractor cleared for Pension Fund Regulatory and Development Authority ChairmanThe challenges before Hemant Contractor will be how to popularise New Pension System, which has not picked up despite undergoing several ch...
- RBI decision not to hike repo rate entirely in order: Hemant Contractor, SBI"The decision not to hike the repo rate was in order as the link between the interest rates and inflation is at best quite tenuous," Contra...
- With a woman at helm, fairer HR policies likely at SBIArundhati Bhattacharya today hinted at allowing staff to avail of long sabbaticals, among other initiatives.
- SBI signs pact with Industrial Bank of KoreaSBI today said it has entered into a partnership with the Industrial Bank of Korea to help the Korean small biz doing biz in the country.
- Government may subscribe to rights issue via bonds or cash: Hemant Contractor, CFO, State Bank of IndiaHemant Contractor, CFO, State Bank of India in an interview with ET Now talks about the likely outcome of the credit policy review and the ...
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