India's PFRDA permits banks to sponsor pension funds under NPS, enhancing competition and broadening investment options.

India's PFRDA permits banks to sponsor pension funds under NPS, enhancing competition and broadening investment options.

Get latest articles and stories on Business at LatestLY. A key highlight of the reform package is the proposal to allow Scheduled Commercial Banks (SCBs) to independently set up Pension Funds for managing NPS. Business News | Scheduled Commercial Banks Allowed to Set Up Pension Funds for Managing NPS.