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HEMANT G CONTRACTOR
Former RBI deputy guv Jain to chair panel to evaluate bank licence applicationsThe Reserve Bank of India has formed a new external committee, led by former deputy governor MK Jain, to evaluate applications for universa...- Tally Solutions seeks small finance banking licenseRBI's central board director Revathy Iyer, former executive director B Mahapatra, former Canara Bank chairman TN Manoharan, former State Ba...
- Government to soon start selection process for new PFRDA chairmanAs per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier.
- Government looks into proposal to double pension limit under Atal Pension YojanaPFRDA has sent two more proposals to the ministry — auto-enrolment for APY and increasing the maximum age bar to enter the scheme to 50 yea...
- Pension fund regulator allows non-government subscribers to invest up to 75% in equities“Talks on with government to raise equity component to 50% for government subscribers."
- Need to be ready to tackle external, internal vulnerabilities: FSDCThe meeting was attended by RBI governor Urjit Patel, Irdai chairman TS Vijayan, PFRDA chairman Hemant G Contractor, besides Sebi chairman ...
- Difficult to move back to old pension system: PFRDAGovernment employee associations are demanding restoration of old pension system which was replaced with contribution-based NPS) in 2004.
- No switch yet from EPF to NPS; need govt clarity: PFRDAIn the proposed amendment made by government last year, employees have been given one time option to join NPS in lieu of EPF, which is run ...
- PFRDA favours early disbursal of commission amount for bank correspondentsAtal Pension Yojana (APY), managed by PFRDA is one of the key projects of the government aimed at covering a large society under the pensio...
- PFRDA to invest 2% of pvt pension corpus in AIF schemesPension fund regulatory body PFRDA will invest up to 2 per cent of the corpus of the private sector pension plans into alternative investme...
- Finance Ministry mulls allowing more pension funds in equitiesAt present, the Pension Fund Regulatory and Development Authority of India (PFRDA) is allowed to invest up to 15 per cent of the corpus int...
- Finance Ministry to look into hiking equity investment proposal: PFRDAPFRDA said that the Finance Ministry will go through the proposal seeking a hike in the investment limit of pension funds by up to 50%.
- 'MFIs can help in expanding social security schemes coverage'Micro finance institutions (MFIs) are better placed to help expand coverage of social security schemes, PFRDA Chairman Hemant G Contractor ...
- 8 lakh people have subscribed to Atal Pension Yojana: PFRDAContractor briefed participants about the contours of Old Age income security and advised all of them to play an active part in outreach of...
- Government considering allowing state pension funds to invest more in equitiesThe govt is considering allowing state retirement funds to invest more in equities and opening them up to private-sector management to impr...
- 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.
- Higher fee, awareness will boost NPS: Hemant G Contractor, Chairman, PFRDA"One major factor was lack of awareness about pension. Al though things are changing, we need to drive home the message that pension is imp...
- PFRDA aims to open 56 lakh Swavalamban Pension accounts through banks & NBFCs in 2014-15Swavalamban is a government initiative in which the government co-contributes Rs. 1000/- per annum to all eligible Swavalamban pension acco...
- 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...
- State Bank of India set to launch operations in JeddahState Bank of India (SBI) is set to commence operations in Saudi Arabia in the next four to six weeks, a senior bank official has said.
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