MUMBAI, March 27 -- Opening up pension fund sponsorship to banks could mark a turning point for the National Pension System (NPS), according to Pension Fund Regulatory and Development Authority (PFRDA) chairperson Sivasubramanian Ramann, signalling a push to scale up distribution and deepen investor reach.

Speaking at a fireside chat at the Mint India Investment Summit 2026, held in Mumbai on Thursday, Ramann suggested the move would significantly widen access. "(W)hether it is to be seen as a barometer of the reforms that have been already brought in, but we have four pension funds which are knocking on the door," he said.

One new pension fund, sponsored by Parag Parikh Financial Advisory Services, has already received a licence, with ...