Mumbai, Feb. 13 -- India's pension fund regulator has received enquiries from two banks to act as pension managers, two months after it allowed lenders to operate as such, a top official said.

"Two banks have shown interest (to act as pension fund managers), and a few others that are sponsors of mutual funds have also shown interest," said S. Ramann, chairperson, Pension Fund Regulatory Authority (PFRDA), in a roundtable with media in Mumbai on Friday.

Ramann said that when the regulations were written, it was felt that only mutual funds and insurance companies had experience handling money, while banks had none.

"But over the years, we've seen banks develop very large treasury portfolios, and we felt banks are very competent and have ...