Hemant Contractor

Our pensiom funds are sponsored by entities which are regulated by other regulators. If you offer a product like minimum assured return, the sponsors will have to set aside more capital. If they have to raise more capital, that has implications for everybody.

Pension regulator moots proposal for systematic withdrawals

Pension Fund Regulatory and Development Authority (PFRDA) said that they are looking to have a systematic withdrawal plan for National Pension System (NPS) wherein individuals will have an option to have between 15-20 years where they can withdraw a fixed sum from their pension fund.

Budget 2017: Is NPS a good retirement plan despite withdrawals being taxed?

Experts feel NPS continues to be a good retiral product for the salaried segment since it is market-linked and professionally managed.

NPS expected to grow at 35-40% in FY17, says PF regulator

Pension fund regulator PFRDA is expecting National Pension System (NPS) to grow at a rate of 35-40 per cent in the current fiscal, a top official said today.

We want NPS on par with other retirement schemes: PFRDA Chief

One of our perennial demands with the government is to place NPS on par with other retirement schemes for tax purposes and make it an Exempt-Exempt-Exempt (EEE) scheme, says Hemant Contractor

Pension regulator seeks investment parity for govt subscribers

The pension regulator has asked the government to extend the alternative investment choices and the two new life-cycle funds introduced in NPS to be made available to the government sector subscribers

PFRDA seeks complete tax exemptions for NPS in Budget 2017

With an aim to increase its customer base, PFRDA Chairman Hemant Contractor stands by its demand with the government to provide 'Triple E' benefits to the schemes under the National Pension System (NPS) to bring them at par with EPFO and PPF where the maturity amount is not taxed.

Retail NPS more than doubles in one year

PFRDA Chairman Hemant Contractor told PTI that the new tax benefits provision has drawn a lot of retail investors to the NPS schemes. Earlier, NPS schemes which were launched five years ago, had failed to get retail subscribers.

Budget 2016: PFRDA seeks complete tax exemptions for NPS

"Our request to the government is with regard to making NPS a Triple E product," Contractor said on his expectations from the Union Budget to be presented by Finance Minister Arun Jaitley on February 29.

Investment into private equity on cards : PFRDA

In a bid to de-risk the investments, PFRDA chairman Hemant Contractor said the organisation is evaluating allowing pension fund managers to invest a portion of the government corpus in private equity.

PFRDA may allow fund managers to invest 3% of corpus in PE

Sector regulator PFRDA is looking at allowing pension fund managers to invest up to 3 per cent of corpus in private equity (PE) to maximise return, and a decision in this regard is likely to be taken in 3-4 months.

Pension watchdog eyes APY to boost NPS corpus by Rs 50K cr

Pension fund regulator PFRDA is hopeful of increasing the corpus of New Pension System (NPS) by Rs 40,000-50,000 crore by the fiscal-end, driven by subscription to a newly launched social security scheme.

Remaking India: Mint's post budget analysis conference

Watch accompanying videos of Piyush Goyal, MoS for Power, Coal and New & Renewable Energy, Rana Kapoor, MD & CEO of Yes Bank and Hemant Contractor, Chairman of PFRDA share their views and thoughts at Remaking India, the Mint Special conclave for post budget analysis presented by Yes Bank.

Benefits of 49% FDI cap will be seen in 3 yrs: PFRDA chief

The higher FDI limit will not have a huge impact on the pension industry, says Hemant Contractor, Chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

SBI to raise $500-600mn in offshore borrowing

State Bank of India plans to raise USD 500-$600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday.

Investors snap up SBI's overseas bond sale of $1.25bn

State Bank of India today successfully raised USD 1.25 billion from an overseas dollar-denominated bond sale, making it the single largest issue from the domestic banking in recent years. It was over-subscribed 5.2 times.

SBI may return to overseas markets

State Bank of India , the country's biggest lender, said it could revive international fundraising plans in 3-4 months, in a sign it believed the euro zone crisis might be easing.

SBI says not likely to raise funds from abroad now

SBI, India's largest lender, would not like to currently raise funds from overseas given the current market conditions says, managing director, Hemant Contractor.

Kingfisher allots 5.7% stake to SBI

Vijay Mallya-led Kingfisher Airlines today said it has allotted 5.68% shares, valued at around Rs 180 crore, to State Bank of India on a preferential basis under the debt recast plan.

SBI bond issue oversubscribed 8.4 times; next binge undecided

The State Bank of India (SBI) bond issue has seen healthy subscription. Hemant Contractor chief financial officer of SBI, in an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Soniya Shenoy shares the details of the bond issue.

Budget 2011-12: Expectations of 3 largecap companies

In an interview with CNBC-TV18, Koushik Chatterjee, CFO, Tata Steel; N Shivaraman, Director, L&T Finance & Senior VP - Financial Services, L&T; Hemant Contractor, CFO, SBI gave their perspectives on the macroeconomy and their expectations from the finance minister in the budget.

Want retail investors to enter bond market: SBI

Hemant Contractor, CFO of SBI, told CNBC-TV18 that he expects great enthusiasm from investors towards their bond issue. “We want retail investors to enter bond markets and hope that the idea behind investing in bonds spreads throughout the country,” he adds.